Aid effectiveness on growth : a meta study

Doucouliagos, Chris and Paldam, Martin 2008, Aid effectiveness on growth : a meta study, European journal of political economy, vol. 24, no. 1, pp. 1-24.

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Title Aid effectiveness on growth : a meta study
Author(s) Doucouliagos, Chris
Paldam, Martin
Journal name European journal of political economy
Volume number 24
Issue number 1
Start page 1
End page 24
Publisher Elsevier B.V.
Place of publication Amsterdam, Netherlands
Publication date 2008-03
ISSN 0176-2680
1873-5703
Keyword(s) aid effectiveness
meta study
economic growth
Summary The aid effectiveness literature contains about 100 papers that see aid as a treatment given to poor countries to generate development. 68 of these papers provide a total of 543 comparable estimates of the effect of aid on growth, which are the data of our meta-analysis. We consider two questions: (Q1) Are the estimates converging to a clear result over time as aid agencies gain experience, models become better and data accumulates? We find that the results do have a positive average, but it is small, insignificant and falling. (Q2) Can we identify the main factors that explain the large differences in the results? We find that much of the variation between studies can be attributed to publication outlet, institutional affiliation, data and specification differences. However, some of the difference between studies is real. In particular, the aid-growth effect is stronger for Asian countries. The meta-analysis indicates also the existence of indirect channels, which need to be further explored.
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2007, Elsevier B.V.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30017081

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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