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Foreign aid, economic outcomes, and happiness

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  • Parviz Dabir-Alai
  • Abbas Valadkhani

Abstract

First, this paper offers a brief survey of recent knowledge and understanding of the impact of foreign aid disbursements on improving economic outcomes. Based on across time and space observations, the record appears to be very poor. Second, it further explores the characteristics of available research on the economics of happiness, or what is sometimes referred to as subjective well-being. This exploration is made quite generally but we believe productively. Third, it investigates the impact of foreign aid disbursements and policies on happiness from an economics perspective. Finally, the paper brings the themes together and offers some suggestions for further research. The paper acknowledges the potential importance of other academic fields, such as psychology, to this exploration.

Suggested Citation

  • Parviz Dabir-Alai & Abbas Valadkhani, 2016. "Foreign aid, economic outcomes, and happiness," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 3(2), pages 97-107.
    • Handle: RePEc:ids:ijhdev:v:3:y:2016:i:2:p:97-107
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    References listed on IDEAS

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    1. David B. Skarbek and Peter T. Leeson, 2009. "What Can Aid Do?," Cato Journal, Cato Journal, Cato Institute, vol. 29(3), pages 391-397, Fall.
    2. Andrew E. Clark & Claudia Senik, 2010. "Will GDP growth increase happiness in developing countries?," PSE Working Papers halshs-00564985, HAL.
    3. Shaohua Chen & Martin Ravallion, 2004. "How Have the World's Poorest Fared since the Early 1980s?," The World Bank Research Observer, World Bank, vol. 19(2), pages 141-169.
    4. Burnside, Craig & Dollar, David, 2004. "Aid, policies, and growth : revisiting the evidence," Policy Research Working Paper Series 3251, The World Bank.
    5. Raghuram Rajan & Arvind Subramanian, 2007. "Does Aid Affect Governance?," American Economic Review, American Economic Association, vol. 97(2), pages 322-327, May.
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    Cited by:

    1. Renz, Timon, 2021. "Development policy based on happiness? A review of concepts, ideas and pitfalls," FZG Discussion Papers 75, University of Freiburg, Research Center for Generational Contracts (FZG).

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