Development aid and economic growth: A positive long-run relation

被引：102
|
作者：
Minoiu, Camelia [1 ]
Reddy, Sanjay G. [2 ]
机构：
[1] Int Monetary Fund, IMF Inst, 700 19th St NW, Washington, DC 20431 USA
[2] New Sch Social Res, Dept Econ, New York, NY 10003 USA
来源：
QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 2010年 / 50卷 / 01期
关键词：
Foreign aid; Bilateral aid; Aid effectiveness; Aid allocation; Economic growth;
D O I：
10.1016/j.qref.2009.10.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2009 The Board of Trustees of the University of Illinois. Published by Elsevier B.V. All rights reserved.
引用
收藏
页码：27 / 39
页数：13
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