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Development Aid and Economic Growth A Positive Long-Run Relation

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 eff...

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Bibliographic Details
Main Author: Reddy, Sanjay
Other Authors: Minoiu, Camelia
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Income
International Relief
Personal Income
Bilateral Aid
Exports And Imports
International Economics
Personal Income, Wealth, And Their Distributions
Economic Assistance
Development Assistance
Foreign Aid
Macroeconomics
Aid Flows
Congo, Democratic Republic Of The
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:32 pages
ISBN:9781451872651

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