Aid and growth : what does the cross-country evidence really show? / Raghuram G. Rajan, Arvind Subramanian.

Author
Rajan, Raghuram G. [Browse]
Format
Book
Language
English
Published/​Created
Cambridge, Massachusetts : National Bureau of Economic Research, 2005.
Description
1 online resource (48 pages) : illustrations.

Details

Subject(s)
Author
Series
Working Paper Series (National Bureau of Economic Research) ; Number w11513. [More in this series]
Summary note
We examine the effects of aid on growth in cross-sectional and panel data-after correcting for the possible bias that poorer (or stronger) growth may draw aid contributions to recipient countries. Even after this correction, we find little robust evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no evidence that aid works better in better policy or geographical environments, or that certain forms of aid work better than others. Our findings suggest that for aid to be effective in the future, the aid apparatus will have to be rethought.
Source of description
Description based on publisher supplied metadata and other sources.
Doi
  • 10.3386/w11513
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