The aid effectiveness literature : the sad results of 40 years of research

Doucouliagos, Chris and Paldam, Martin 2009, The aid effectiveness literature : the sad results of 40 years of research, Journal of economic surveys, vol. 23, no. 3, pp. 433-461.

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Title The aid effectiveness literature : the sad results of 40 years of research
Author(s) Doucouliagos, Chris
Paldam, Martin
Journal name Journal of economic surveys
Volume number 23
Issue number 3
Start page 433
End page 461
Total pages 28
Publisher Blackwell Publishing Ltd
Place of publication Oxford, England
Publication date 2009
ISSN 0950-0804
1467-6419
Keyword(s) accumulation
aid effectiveness
growth
meta-study
Summary The aid effectiveness literature (AEL) consists of empirical macroeconomic estimates of the effects of development aid. By the end of 2004, it comprised 97 econometric studies of three families of related effects. Each family has been analyzed in a separate meta-analysis. The AEL is an ideal subject for meta-analysis as it uses only a few formally similar models to estimate the same underlying effects. It is also an area with strong beliefs, often generated by altruism. When this whole literature is examined, a clear pattern emerges. After 40 years of development aid, the preponderance of the evidence indicates that aid has not been effective. We show that the distribution of results is significantly asymmetric reflecting the reluctance of the research community to publish negative results. The Dutch disease effect on exchange rates provides a plausible explanation for the observed aid ineffectiveness.
Language eng
Field of Research 140210 International Economics and International Finance
Socio Economic Objective 919999 Economic Framework not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2009
Copyright notice ©2009, The Authors
Persistent URL http://hdl.handle.net/10536/DRO/DU:30020739

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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Created: Mon, 26 Oct 2009, 17:13:08 EST by Lee-Ann Stones

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