Front Matter
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Front Matter Page

IMF Institute

Authorized for distribution by Marc Quintyn

Contents

  • I. Introduction

  • II. Literature Review

  • III. The Pitfalls of Misspecification

  • IV. Defining Developmental Aid

  • V. Empirical Evidence

    • A. Cross-Sectional Regressions

    • B. Panel Regressions

  • VI. Further Results

    • A. Income Threshold Effects

    • B. Aid and the Policy Environment

    • C. Caveats

  • VII. Conclusions

  • References

  • Appendix

  • Appendix Figures

  • Figure 1. Bilateral and multilateral aid as shares of total aid

  • Figure 2. Developmental aid as a share of bilateral aid

  • Figure 3. Growth vs. lagged total bilateral aid

  • Figure 4. Growth vs. lagged bilateral aid from Gl donors

  • Figure 5. Growth vs. lagged bilateral aid from G2 donors

  • Figure 6. Growth vs. lagged bilateral aid from G3 donors

  • Appendix Tables

  • Table 1. Variables and data sources

  • Table 2. Summary statisics of selected variables

  • Table 3. Cross-sectional OLS regressions: Replicating previous results

  • Table 4. Cross-sectional OLS regressions: The effect of lagged total aid on growth

  • Table 5. Cross-sectional OLS regressions: The effect of developmental aid on growth

  • Table 6. Panel (System GMM) regressions: The effect of developmental aid on growth

Development Aid and Economic Growth: A Positive Long-Run Relation
Author: Sanjay Reddy and Ms. Camelia Minoiu