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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 this gap by: (i) specifying a structural model of...
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Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of … catch up to other developing countries. If the skill share of Africa's labor supply doubles because of improvements in …
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At the outset of China's reform period, the country had a far higher poverty rate than for Africa as a whole. Within … persisted due to failed and unpopular policies. While acknowledging that Africa faces constraints that China did not, and that …
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