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Development Aid and Growth

其他書名	An Association Converging to Zero
出版	Department of Economics and Business Economics, Aarhus BSS, 2009
URL	http://books.google.com.hk/books?id=vnMgzgEACAAJ&hl=&source=gbs_api

註釋This note deals with a paradox: A literature growing exponentially in spite of the fact that it keeps finding the same result. We draw upon the findings of 106 empirical studies, of which 32 appeared in the last 4 years, to examine whether development aid generates economic growth. The studies report aid effects that have been steadily falling over time. The newer studies find a steady continuation of the downward trend. Using meta-regression analysis, we show that total aid has never had an effect on economic growth. Theoretically, this result might be due to simultaneity bias, but the evidence does not support this notion. There is some evidence that some aid components do have a positive effect on growth.