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...

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...

The inflow of foreign direct investment (FDI) in Asian countries increased rapidly during the 1980s and 1990s, and a vast literature has found a positive association between FDI inflows and growth for developing countries, noting a series of threshold effects. Less attention has been paid in the...

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 study examines whether there is spatial integration between and within paddy markets in the North and South of Vietnam. The empirical model developed uses estimates oftransfer costs to generalize Ravallion’s model of spatial market integration to allow for threshold effects. A sequential...

Proposals are evaluated, from both an economic and an ethical viewpoint, for development funding through a global lottery, along with a complement to this: a global premium bond (a loan instrument in which the interest takes the form of a lottery prize, the capital being repayable on request, so...

Foreign aid looms large in the public discourse; and international development assistance remains squarely on most policy agendas concerned with growth, poverty and inequality in Africa and elsewhere in the developing world. The present review takes a retrospective look at how foreign aid has...

This paper reviews and assesses the process of economic transformation in Mozambique with emphasis on the strategies and policies pursued by the Frelimo government in the first decade after dependence in 1974. Focus is on the agrarian sector and its various sub-sectors, and both main...

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...