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The Welfare Economics of Foreign Aid

In: Issues in Contemporary Microeconomics and Welfare

Author

Listed:
  • Murray C. Kemp
  • Shoichi Kojima

Abstract

It is part of received doctrine among specialists in the theory of international trade that unilateral transfers harm the donor country and benefit the recipient. In sharp contrast to that doctrine, it has been asserted by specialists in the theory of economic development that, frequently, foreign aid does more harm than good in the recipient country and operates to the advantage of exporters in the donor country.

Suggested Citation

  • Murray C. Kemp & Shoichi Kojima, 1985. "The Welfare Economics of Foreign Aid," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Issues in Contemporary Microeconomics and Welfare, chapter 15, pages 470-483, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06876-0_15
    DOI: 10.1007/978-1-349-06876-0_15
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    Citations

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    Cited by:

    1. Brakman, Steven & van Marrewijk, Charles, 1995. "Transfers, returns to scale, tied aid and monopolistic competition," Journal of Development Economics, Elsevier, vol. 47(2), pages 333-354, August.
    2. Hatzipanayotou, Panos & Michael, Michael S., 1995. "Foreign aid and public goods," Journal of Development Economics, Elsevier, vol. 47(2), pages 455-467, August.
    3. Haaparanta, Pertti, 1989. "The intertemporal effects of international transfers," Journal of International Economics, Elsevier, vol. 26(3-4), pages 371-382, May.

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