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Aid and growth : what does the cross-country evidence really show? / Raghuram G. Rajan, Arvind Subramanian.
- Format:
- Book
- Author/Creator:
- Rajan, Raghuram G., author.
- Subramanian, Arvind, author.
- Series:
- Working Paper Series (National Bureau of Economic Research) ; Number w11513.
- Working Paper Series (National Bureau of Economic Research) ; Number w11513
- Language:
- English
- Subjects (All):
- Economic development.
- Developing countries--Economic conditions.
- Developing countries.
- Physical Description:
- 1 online resource (48 pages) : illustrations.
- Place of Publication:
- Cambridge, Massachusetts : National Bureau of Economic Research, 2005.
- Summary:
- 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.
- Notes:
- Description based on publisher supplied metadata and other sources.
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