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Development Aid and Economic Growth: A Positive Long-Run Relation Author info | Abstract | Publisher info | Download info | Related research | Statistics Camelia Minoiu
Sanjay Reddy
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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 kinds of aid: developmental and non-developmental. Second, our specifications allow for the effect of aid on economic growth to occur over long periods. Our results indicate that developmental aid promotes long-run growth. The effect is significant, large and robust to different specifications and estimation techniques.
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Paper provided by International Monetary Fund in its series IMF Working Papers with number
09/118.
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Length: 32 pages
Date of creation: 01 Jun 2009Date of revision:
Handle: RePEc:imf:imfwpa:09/118Contact details of provider: Postal: International Monetary Fund, Washington, DC USA Phone: (202) 623-7000 Fax: (202) 623-4661 Email: Web page: http://www.imf.org/external/pubind.htm More information through EDIRC
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Keywords: Cross country analysis ; Developing countries ; Development assistance ; Economic growth ; Economic models ; Resource mobilization ; Other versions of this item:
This paper has been announced in the following NEP Reports :
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Full
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