Aid and Growth Have We Come Full Circle?
Published By: UNU-WIDER on eSS | Published Date: June, 02 , 2010This paper first assesses the aid-growth literature with a focus on recent contributions.
The aid-growth literature is then framed, for the first time, in terms of the Rubin Causal
Model, applied at the macroeconomic level. The results show that aid has a positive and
statistically significant causal effect on growth over the long run with point estimates at
levels suggested by growth theory. It has been concluded that aid remains an important tool for
enhancing the development prospects of poor nations. [Discussion Paper No. 2009/05]
Author(s): Channing Arndt, Sam Jones, Finn Tarp | Posted on: Jun 02, 2010 | Views(1010) | Download (914)