New Data, New Doubts: A Comment on Burnside and Dollar's 'Aid, Policies, and Growth' (2000)
New York University - Department of Economics
UC Berkeley; Milken Institute; National Bureau of Economic Research (NBER)
Center for Global Development
American Economic Review, Forthcoming
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 Classification: F350, O230, O400Accepted Paper Series
Date posted: October 1, 2003
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