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| Tekijä: | Dalgaard, C-J. Hansen, H. Tarp, F. |
| Otsikko: | On the empirics of foreign aid and growth |
| Lehti: | Economic Journal
2004 : JUN, VOL 114:496, p. 191-216 |
| Asiasana: | Effectiveness Aid Policy International relations Theories Models |
| Kieli: | eng |
| Tiivistelmä: | This paper re-examines the effectiveness of foreign aid theoretically and empirically, through a standard OLG model. It is shown that aid inflows will in general affect long-run productivity. The size and direction of the impact may depend on policies, 'deep' structural characteristics and the size of the inflow. It is found that aid has been effective in spurring growth, but the magnitude of the effect depends on climate-related circumstances. Finally, it is argued that the Collier-Dollar allocation rule should be seriously reconsidered by donor agencies if aid effectiveness is related to climate. |
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