Does foreign aid enhance aggregate human welfare? This paper attempts to answer this question by using a panel of twenty-eight countries, covering the period from 1990 to 2014. It explores intra country variation by splitting the sample into low-income and middle-income countries. Combined with...

For many years, there has been a tendency to measure aid effectiveness primarily in terms of economic growth. Recently, though, there is also a growing awareness of the fact that measuring development and the quality of life solely from a growth perspective is inadequate. The most significant...

In view of the fact, social capital in some common definitions offered about it contains a number of social elements that facilitate actions of social actors and from this aspect they are able to improve society´s performance. To study this characteristic of social capital and explore its...