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Development Aid and Economic Growth

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Author Info

  • Sanjay Reddy
  • Camelia Minoiu

Abstract

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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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 09/118.

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Length: 32
Date of creation: 01 May 2009
Date of revision:
Handle: RePEc:imf:imfwpa:09/118

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Related research

Keywords: Economic growth; Developing countries; Economic models; Resource mobilization; bilateral aid; foreign aid; aid flows; aid effectiveness; terms of trade; aid allocation; development assistance; development aid; social unrest; per capita income; transactions costs; official development assistance; international trade; political economy; aid agencies; trade liberalization; poverty alleviation; exporting countries; balance of payments; economic convergence; aid programs; trade openness; trade policies; bilateral arrangements; bilateral flows; multilateral organizations; humanitarian aid; foreign aid on savings;

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Citations

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Cited by:
  1. Dreher, Axel & Klasen, Stephan & Raymond, James & Werker, Eric, 2010. "The costs of favoritism: Is politically-driven aid less effective?," Center for European, Governance and Economic Development Research Discussion Papers 97, University of Goettingen, Department of Economics.
  2. Tierney, Michael J. & Nielson, Daniel L. & Hawkins, Darren G. & Roberts, J. Timmons & Findley, Michael G. & Powers, Ryan M. & Parks, Bradley & Wilson, Sven E. & Hicks, Robert L., 2011. "More Dollars than Sense: Refining Our Knowledge of Development Finance Using AidData," World Development, Elsevier, Elsevier, vol. 39(11), pages 1891-1906.
  3. Axel Dreher & Vera Eichenauer & Kai Gehring, 2013. "Geopolitics, Aid and Growth," CESifo Working Paper Series 4299, CESifo Group Munich.
  4. Kersting, Erasmus & Kilby, Christopher, 2014. "Aid and democracy redux," European Economic Review, Elsevier, Elsevier, vol. 67(C), pages 125-143.
  5. Wamboye, Evelyn & Adekola, Abel, 2013. "Foreign Aid, Legal Origin, Economic Growth and Africa’s Least Developed Countries," MPRA Paper 47846, University Library of Munich, Germany.
  6. Carl-Johan, Dalgaard & Henrik, Hansen, 2010. "Evaluating Aid Effectiveness in the Aggregate: A critical assessment of the evidence," MPRA Paper 23026, University Library of Munich, Germany.
  7. repec:got:cegedp:97 is not listed on IDEAS
  8. Clist, Paul, 2011. "25Years of Aid Allocation Practice: Whither Selectivity?," World Development, Elsevier, Elsevier, vol. 39(10), pages 1724-1734.
  9. Axel Dreher & Anna Minasyan & Peter Nunnenkamp, 2013. "Government Ideology in Donor and Recipient Countries: Does Political Proximity Matter for the Effectiveness of Aid?," Kiel Working Papers 1870, Kiel Institute for the World Economy.

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