World Development· 2014Q1
Assessing Foreign Aid’s Long-Run Contribution to Growth and Development
- 317citations
- Q1SCImago
- 2014year
Short summary
Foreign aid has positively impacted growth, structural change, social indicators, and poverty reduction in developing countries over the past four decades.
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Key points
- Foreign aid has a positive long-run impact on growth in developing countries.
- Aid contributes to structural transformation, increasing the share of agriculture and industry.
- Social welfare indicators, such as infant mortality, have improved due to aid.
- Poverty levels have been reduced by foreign aid over the past 40 years.
AI-generated from the title and abstract; the full text is not read.
Abstract
This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e.g., poverty and infant mortality), and measures of economic transformation (e.g., share of agriculture and industry in value added). Focusing on long-run cumulative effects of aid in developing countries, and taking due account of potential endogeneity, a coherent and favorable pattern of results emerges. Aid has over the past 40 years stimulated growth, promoted structural change, improved social indicators, and reduced poverty.
The authors' abstract, as published at the source. World Development, 2014 · DOI ↗
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Field: Development
DevelopmentSocial Sciences