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Development Aid and Economic Growth :, A Positive Long-Run Relation, Sanjay Reddy, Camelia Minoiu

We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the effect of aid on economic growth to occur over long periods. Our results indicate that developmental aid promotes long-run growth. The effect is significant, large and robust to different specifications and estimation techniques
Table Of Contents
Contents; I. Introduction; II. Literature Review; III. The Pitfalls of Misspecification; IV. Defining Developmental Aid; V. Empirical Evidence; A. Cross-Sectional Regressions; B. Panel Regressions; VI. Further Results; A. Income Threshold Effects; B. Aid and the Policy Environment; C. Caveats; VII. Conclusions; References; Appendix; Appendix Tables; 1. Variables and data sources; 2. Summary statisics of selected variables; Appendix Figures; 1. Bilateral and multilateral aid as shares of total aid; 2. Developmental aid as a share of bilateral aid
Literary Form
non fiction
"May 2009."
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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