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Aid and Growth Regressions
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… Expand
Aid effectiveness disputed
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… Expand
On the Empirics of Foreign Aid and Growth
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… Expand
Agricultural Supply Response and Poverty in Mozambique
This paper identifies key causal factors behind farmers' marketing decisions in Mozambique. A two-step decision making process is outlined. Farmers decide, first, whether or not to participate in the… Expand
Aid, Growth, and Development: Have We Come Full Circle?
The micro-macro paradox has been revived. Despite broadly positive evaluations at the micro- and meso-levels, recent literature doubts the ability of foreign aid to foster economic growth and… Expand
Formal and Informal Rural Credit in Four Provinces of Vietnam
Abstract This paper uses a survey of 932 rural households to uncover how the rural credit market operates in Vietnam. Households obtain credit through formal and informal lenders. Formal loans are… Expand
Business Cycles in Developing Countries: Are They Different?
This paper demonstrates that developing countries differ considerably from their developed counterparts when focus is on the nature and characteristics of short-run macroeconomic fluctuations. Cycles… Expand
Financial liberalization, financial development and economic growth in LDCs
The objective of this paper is to survey what is actually known about the finance-growth relationship based on theory and empirical work. We point out that traditional theoretical models linking… Expand
Aid, Conditionality and Debt in Africa
This paper presents a diagnosis of the current dysfunctionalities of the aid, conditionality and debt regime in Africa. It is argued that the key feature of the current system is that of aid… Expand
Technology transfers, foreign investment and productivity spillovers
This paper explores the relationship between foreign direct investment (FDI) and the productivity of host country domestic firms. We rely on a specially designed survey of over 4000 manufacturing… Expand