This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range … of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e … coherent and favorable pattern of results emerges. Aid has over the past forty years stimulated growth, promoted structural …

This paper examines fungibility as a possible explanation for the missing link between foreign aid and economic growth … magnitude of fungibility and its impact on growth. Embedding fungibility as an equilibrium outcome in an endogenous growth … have on growth. The main predictions of the model are tested using a panel dataset of 67 countries for 1972-2000. We find …

This paper examines the link between foreign aid, economic growth, and welfare in a small open economy. External …

Debt relief is unlikely to stimulate investment and growth in the world's highly indebted poor countries (HIPCs). This … is because the HIPCs do not suffer from debt overhang. The principal obstacle to investment and growth in the world …

This paper examines the link between foreign aid, economic growth, and welfare in a small open economy. External …

Controversy over the aggregate impact of foreign aid has focused on reduced form estimates of the aid-growth link. The … causal chain, through which aid affects developmental outcomes including growth, has received much less attention. We address … impacts on growth through key intermediate outcomes. A coherent picture emerges: aid stimulates growth and reduces poverty …

Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has … of diversification in Africa's economies-in contrast to Asia's success stories. Structural adjustment did not change the … manufacturing and service clusters, Africa is yet to follow East Asia in integrating with the global economy in ways that add value …

To continue its economic growth and create new and better livelihoods, Africa must transform the productive side of its …, but also new risks as Africa's integration with the global economy evolves. Climate change is impacting productive sectors … of the Congo, Somalia, and others, as they need inclusive growth to reinforce the politics of peace. This is the context …