In this paper, we explore the relationship between foreign aid fungibility and aggregate welfare. Using panel data from 35 low-income and lower-middle-income countries, we first check the presence of sectoral aid fungibility in our sample and find evidence for it. We then use econometric methods...

The paper discusses the theoretical underpinning of the concept of sustainable development, especially in relation to follow-up and review, including ex post evaluation of progress. The purpose is to explore methodological aspects of applied approaches to the implementation process, e.g. ways to...

This article questions the assumptions, sustainability and ethics of endless economic growth on the basis of environmental science, ecological economics and ecological ethics. It considers the impossibility and unsustainability of endless physical growth on a finite planet. It considers the...