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Development Aid and Economic Growth : A Positive Long-Run Relation / Sanjay G. Reddy and Camelia Minoiu.
- Format:
- Book
- Government document
- Author/Creator:
- Reddy, Sanjay G., author.
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.29.
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.29
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource.
- Place of Publication:
- New York : United Nations, 2006.
- System Details:
- text file
- 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 components of aid: a developmental, growth-enhancing component, and a geopolitical, possibly growth-depressing component. Second, our specifications allow for the effect of aid on economic growth to occur over long time-lags. Our results indicate that developmental aid promotes long-run growth. Th e effect is large and robustly significant, and withstands an array of robustness checks including alternative specifications, choices of the proxy for development aid, and treatments of outliers.
- Access Restriction:
- Restricted for use by site license.
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