This paper takes a fresh look at three issues in the aid effectiveness debate. First, we assess the theoretical case for foreign aid. Using an endogenous growth version of the standard overlapping generations model, we show that aid can be an effective policy tool in spurring growth in poor...

This paper examines the relationship between foreign aid and growth in real GDP per capita as it emerges from simple augmentations of popular cross-country growth specifications. It is shown that aid in all likelihood increases the growth rate, and this result is not conditional on ‘good’...

There is a widespread perception among academic researchers and aid practitioners alike that empirical cross-country analysis fails to find any significant link between aid flows and growth, and that aid is successful only when associated with good policies in the recipient countries. These...

While their application in the context of development aid is quite new, systematic reviews have been used and debated in other fields for various decades. Although evidence gathering and synthesis in the context of development aid inarguably faces challenges distinct from other fields, it is...

This paper discusses different approaches to the measurement of global interpersonal in equality. Trends in global interpersonal inequality during 1975-2005 are measured using data from UNU-WIDER’s World Income Inequality Database. In order to better understand the trends, global interpersonal...

This paper investigates the Vietnamese Socio-economic Development Plan (2006-10) using the 2003 Merged Model for Vietnam, which was developed in Jensen & Tarp (2007). Initialization and calibration of the model is based on a financial 2003 SAM framework and an auxiliary 2002-2003 data set....

Quantitative project analysis drifted out of focus in academia during the 1980’s. Nevertheless, discrete projects remain the bulk of international development assistance. The present state of affairs is outlined: the application of basic principles is examined in case-context; and serious...

This study estimates the capital or stock value of Vietnam’s natural resources. Natural resources are special economic goods because they are not produced. As a consequence, natural resources yield economic profits—rents—if properly managed. These rents can be an important source of...

This paper presents a number of policy experiments carried out within a modelling framework, which can be characterized as a merger of the financial programming and the revised minimum standard models, associated with respectively the International Monetary Fund and the World Bank. The baserun...

This paper presents a number of policy experiments carried out within a modelling framework, which can be characterized as a merger of the financial programming and the revised minimum standard models, associated with respectively the International Monetary Fund and the World Bank. The baserun...