Abstract
The authors have previously surveyed the AEL, aid (empirical) effectiveness literature, using the technique of meta-analysis. We reached the result that the small positive effect of aid on growth found in the average study is mostly a publication selection bias. This present study concentrates on the new literature from 2007 onward which is divided into: Period (A) 2007-08: where the AEL showed aid ineffectiveness. Period (B) 2009-11: where the results are better. Three hypotheses may explain the upward kink in the results: (i) Aid effectiveness has increased. (ii) A breakthrough has occurred in the models and estimators. (iii) The improve-ment is an artifact. Unfortunately the data support the third hypothesis only.
| Original language | English |
|---|---|
| Title of host publication | Handbook on the Economics of Foreign Aid |
| Editors | Mak Arvin, Byron Law |
| Number of pages | 25 |
| Place of publication | Northampton, MA |
| Publisher | Edward Elgar Publishing |
| Publication date | 2015 |
| Pages | 325-349 |
| Chapter | 20 |
| ISBN (Print) | 978 1 78347 457 8 |
| ISBN (Electronic) | 978 1 78347 457 2 |
| Publication status | Published - 2015 |