Assessing Foreign Aid’s Long Run Contribution to Growth and Development
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Assessing Foreign Aid’s Long Run Contribution to Growth and Development. / Arndt, Thomas Channing; Jones, Edward Samuel; Tarp, Finn.
In: World Development, Vol. 69, 2015, p. 6-18.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Assessing Foreign Aid’s Long Run Contribution to Growth and Development
AU - Arndt, Thomas Channing
AU - Jones, Edward Samuel
AU - Tarp, Finn
PY - 2015
Y1 - 2015
N2 - 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.g., poverty and infant mortality), and measures of economic transformation (e.g., share of agriculture and industry in value added). Focusing on long-run cumulative effects of aid in developing countries, and taking due account of potential endogeneity, a coherent and favorable pattern of results emerges. Aid has over the past 40 years stimulated growth, promoted structural change, improved social indicators, and reduced poverty.
AB - 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.g., poverty and infant mortality), and measures of economic transformation (e.g., share of agriculture and industry in value added). Focusing on long-run cumulative effects of aid in developing countries, and taking due account of potential endogeneity, a coherent and favorable pattern of results emerges. Aid has over the past 40 years stimulated growth, promoted structural change, improved social indicators, and reduced poverty.
U2 - 10.1016/j.worlddev.2013.12.016
DO - 10.1016/j.worlddev.2013.12.016
M3 - Journal article
VL - 69
SP - 6
EP - 18
JO - World Development
JF - World Development
SN - 1873-5991
ER -
ID: 100444127