Aid Effectiveness: A Survey of the Recent Empirical Literature
March 1, 1998
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The preponderance of evidence from the empirical literature on aid effectiveness suggests that development aid has not had a significant impact on growth in recipient countries. However, there is some evidence that aid has had positive effects when the policy environment has been conducive to growth. Regarding the relationship between aid and the main channels through which its impact on growth could flow—investment and domestic saving—the evidence is mixed, with some indication that aid has had a positive impact where adjustment efforts have been sustained.
Subject: Aid flows, Domestic savings, Expenditure, Foreign aid, National accounts, Public investment spending
Keywords: Aid flows, country, country size, Domestic savings, egalitarian regime model, elitist regime, Foreign Aid, government, government policy, Growth, PDP, policy, policy environment, policy orientation, policy reform, Public investment spending, recipient country, recipient government, Sub-Saharan Africa
Pages:
32
Volume:
1998
DOI:
Issue:
001
Series:
Policy Discussion Paper No. 1998/001
Stock No:
PPIEA0011998
ISBN:
9781451974850
ISSN:
1564-5193
