{
  "title": "Development Aid and Economic Growth: A Positive Long-Run Relation",
  "publication": "IMF Working Papers, May 1, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/development-aid-and-economic-growth-a-positive-long-run-relation-22986",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Title: Development Aid and Economic Growth: A Positive Long-Run Relation\n- Authors: Sanjay Reddy, Camelia Minoiu\n- Date: May 1, 2009\n- Core finding: Developmental aid promotes long-run growth; the effect is significant, large and robust to different specifications and estimation techniques."
    },
    {
      "heading": "Research approach and scope",
      "content": "- Two major distinctions from previous studies:\n  - Disentangle the effects of two kinds of aid: developmental and non-developmental.\n  - Specifications allow for the effect of aid on economic growth to occur over long periods.\n- Subject areas: Aid flows, Bilateral aid, Development assistance, Foreign aid, Personal income\n- Keywords: aid-quality donor ranking, development aid, donor characteristic, donor country, donor nation, donor-recipient match, growth rate, WP"
    },
    {
      "heading": "Key findings and conclusions",
      "content": "- Developmental aid has a positive impact on long-run economic growth.\n- The positive effect:\n  - Is significant.\n  - Is large.\n  - Is robust to different specifications and estimation techniques."
    },
    {
      "heading": "Disclaimer (as presented in the source)",
      "content": "- This Working Paper should not be reported as representing the views of the IMF.\n- 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.\n- Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.\n\nIMF Working Paper — Sanjay Reddy and Camelia Minoiu, May 1, 2009.\n\n---\n\n Content in this bundle\n\n- wp09118 - References\n  - wp09118 - References (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp09118 - References (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/development-aid-and-economic-growth-a-positive-long-run-relation-22986"
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    "Authors: Sanjay Reddy, Camelia Minoiu",
    "Published: May 1, 2009",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451872651.001",
    "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.",
    "Two major distinctions from previous studies:",
    "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",
    "Developmental aid has a positive impact on long-run economic growth.",
    "The positive effect:",
    "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.",
    "**_wp09118 - References**"
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