Development Aid and Economic Growth: A Positive Long-Run Relation
IMF Working Papers, May 1, 2009
Source details
- Canonical URL
- Development Aid and Economic Growth: A Positive Long-Run Relation
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Bibliographic details
- Authors: Sanjay Reddy, Camelia Minoiu
- Published: May 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451872651.001
Summary
- Title: Development Aid and Economic Growth: A Positive Long-Run Relation
- Authors: Sanjay Reddy, Camelia Minoiu
- Date: May 1, 2009
- Core finding: Developmental aid promotes long-run growth; the effect is significant, large and robust to different specifications and estimation techniques.
Research approach and scope
- Two major distinctions from previous studies:
- Disentangle the effects of two kinds of aid: developmental and non-developmental.
- Specifications allow for the effect of aid on economic growth to occur over long periods.
- Subject areas: Aid flows, Bilateral aid, Development assistance, Foreign aid, Personal income
- Keywords: aid-quality donor ranking, development aid, donor characteristic, donor country, donor nation, donor-recipient match, growth rate, WP
Key findings and conclusions
- Developmental aid has a positive impact on long-run economic growth.
- The positive effect:
- Is significant.
- Is large.
- Is robust to different specifications and estimation techniques.
Disclaimer (as presented in the source)
- This Working Paper should not be reported as representing the views of the IMF.
- The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.
- Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
IMF Working Paper — Sanjay Reddy and Camelia Minoiu, May 1, 2009.
Content in this bundle
- _wp09118 - References