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 - 2015/5/1
Y1 - 2015/5/1
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
SN - 0305-750X
VL - 69
SP - 6
EP - 18
JO - World Development
JF - World Development
ER -
