Can't Buy Me Growth: On Foreign Aid and Economic Change
Brock School of Business, Samford University
March 2, 2010
Journal of Private Enterprise, Vol. 25, No. 1, pp. 105-123
Evidence suggests that foreign aid does not promote economic growth. Institutions which promote entrepreneurship do promote growth. Understanding where these institutions come from is paramount to success. This essay analyzes and summarizes theory and evidence regarding the relationship between aid and economic growth.
Number of Pages in PDF File: 19
Keywords: Economic Growth, Foreign Aid, Institutions, Property Rights
JEL Classification: O1, O2, O4
Date posted: December 24, 2008 ; Last revised: March 4, 2010
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