Martin Paldam

Development Aid and Growth: An association converging to zero

Publikation: Working paper

Dokumenter

  • Wp09 17

    Forlagets udgivne version, 163 KB, PDF-dokument

    Hristos Doucouliagos, Deakin University, Melbourne, Australien
  • Martin Paldam
  • Institut for Økonomi
This note deals with a paradox: A literature growing exponentially in spite of the fact that it keeps finding the same result. We draw upon the findings of 106 empirical studies, of which 32 appeared in the last 4 years, to examine whether development aid generates economic growth. The studies report aid effects that have been steadily falling over time. The newer studies find a steady continuation of the downward trend. Using meta-regression analysis, we show that total aid has never had an effect on economic growth. Theoretically, this result might be due to simultaneity bias, but the evidence does not support this notion. There is some evidence that some aid components do have a positive effect on growth.
OriginalsprogEngelsk
UdgivelsesstedAarhus
UdgiverInstitut for Økonomi, Aarhus Universitet
Antal sider10
StatusUdgivet - 2009

Bibliografisk note

Published in 2011 as The ineffectiveness of development aid on growth: An update

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