Aid Effectiveness: Opening the Black Box

Channing Arndt; Edward Samuel Jones; Finn Tarp

Aid Effectiveness: Opening the Black Box

Channing Arndt, Edward Samuel Jones, Finn Tarp

Abstract

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 the main relationships; (ii) estimating the impact of aid on a range of final and intermediate outcomes; and (iii) quantifying a simplied representation of the full structural form, where aid impacts on growth through key intermediate outcomes. A coherent picture emerges: aid stimulates growth and reduces poverty through physical capital investment and improvements in health.

Originalsprog	Engelsk
Udgivelsessted	Helsinki
Udgiver	UNU-WIDER
Antal sider	30
ISBN (Trykt)	978-9292304119
Status	Udgivet - 2011

Emneord

Det Samfundsvidenskabelige Fakultet

Adgang til dokumentet

http://www.wider.unu.edu/publications/working-papers/2011/en_GB/wp2011-044/

Citationsformater

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N2 - 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 the main relationships; (ii) estimating the impact of aid on a range of final and intermediate outcomes; and (iii) quantifying a simplied representation of the full structural form, where aid impacts on growth through key intermediate outcomes. A coherent picture emerges: aid stimulates growth and reduces poverty through physical capital investment and improvements in health.

AB - 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 the main relationships; (ii) estimating the impact of aid on a range of final and intermediate outcomes; and (iii) quantifying a simplied representation of the full structural form, where aid impacts on growth through key intermediate outcomes. A coherent picture emerges: aid stimulates growth and reduces poverty through physical capital investment and improvements in health.

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