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 …

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 …

The aid-growth literature has been explored using a wide range of econometric methodologies. The evidence of the … effectiveness of aid to promote economic growth is mixed, suggesting that the link between aid and growth is complex and may not be … well identified by traditional methods. We take another perspective and frame the aid-growth literature within a nonlinear …

allocated to political allies is ineffective for growth, whereas aid extended to countries that are not allies is highly … aid as effective as possible. -- Aid impact ; Economic growth ; Instrumental Variables ; Generalized method of moments …

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 …

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 …

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 …

Evidence suggests that foreign aid does not promote economic growth. Institutions which promote entrepreneurship do … promote growth. Understanding where these institutions come from is paramount to success. This essay analyzes and summarizes … theory and evidence regarding the relationship between aid and economic growth …