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New Data, New Doubts: Revisiting 'Aid, Policies, and Growth'
William Easterly New York University - Stern School of Business, Department of Economics Ross Levine Brown University - Department of Economics; National Bureau of Economic Research (NBER) David Roodman Center for Global Development June 2003 Center for Global Development Working Paper No. 26 Abstract: The Burnside and Dollar (2000) finding that aid raises growth in a good policy environment has had an important influence on policy and academic debates. We conduct a data gathering exercise that updates their data from 1970-93 to 1970-97, as well as filling in missing data for the original period 1970-93. We find that the BD finding is not robust to the use of this additional data.
Keywords: foreign aid, growth, policy JEL Classifications: F350, O230, O400 Working Paper SeriesDate posted: October 01, 2003 ; Last revised: March 21, 2008Suggested CitationContact Information
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