Publication
Evaluating the impact of foreign aid on economic growth: a cross-country study
| dc.contributor.author | Moreira, Sandrina Berthault | |
| dc.date.accessioned | 2013-07-09T10:44:10Z | |
| dc.date.available | 2013-07-09T10:44:10Z | |
| dc.date.issued | 2005-12 | |
| dc.description.abstract | One branch of the literature on aid effectiveness attempts to measure the contribution of foreign aid to the growth of developing countries. The micro results are clear and encouraging: foreign aid is beneficial to economic growth. However, until recently, the macro results were inconclusive: the impact of aid on growth was positive, negative, or even non-existent, in statistical terms. This contradiction is known as the “micro-macro paradox”. Certain methodological and econometric flaws inherent in the assessments being carried out up to the mid-nineties may provide an explanation for the misleading macro results. Examining a large panel data set, I have found that foreign aid has had a positive impact on economic growth. In light of these findings, I conclude that earlier-generation work is in accordance with the new and recent generation of aid effectiveness studies. Thus, less importance should be attributed to the “micro-macro paradox” as an overall appraisal of aid effectiveness. In terms of magnitude, I have also found that aid has less effect on growth in the short-run than in the long-run. I also conclude that the time lags in the aid-growth relationship should not be ignored. | por |
| dc.identifier.uri | http://hdl.handle.net/10400.26/4464 | |
| dc.language.iso | eng | por |
| dc.peerreviewed | yes | por |
| dc.subject | Foreign Aid | por |
| dc.subject | Economic growth | por |
| dc.subject | Panel data | por |
| dc.subject | Generalised method of moments | por |
| dc.title | Evaluating the impact of foreign aid on economic growth: a cross-country study | por |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 48 | por |
| oaire.citation.issue | 2 | por |
| oaire.citation.startPage | 25 | por |
| oaire.citation.title | Journal of Economic Development | por |
| oaire.citation.volume | 30 | por |
| person.familyName | BERTHAULT MOREIRA | |
| person.givenName | SANDRINA | |
| person.identifier.ciencia-id | E415-8386-EB73 | |
| person.identifier.orcid | 0000-0003-2124-8366 | |
| rcaap.rights | openAccess | por |
| rcaap.type | article | por |
| relation.isAuthorOfPublication | 648d2c3b-a920-4ea9-918b-ea7650b962b7 | |
| relation.isAuthorOfPublication.latestForDiscovery | 648d2c3b-a920-4ea9-918b-ea7650b962b7 |