Can't Buy Me Growth: On Foreign Aid and Economic Change

Carden, Art

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Can't Buy Me Growth: On Foreign Aid and Economic Change

Journal of Private Enterprise, Vol. 25, No. 1, pp. 105-123

19 Pages Posted: 24 Dec 2008 Last revised: 4 Mar 2010

See all articles by Art Carden

Art Carden

Brock School of Business, Samford University

Date Written: March 2, 2010

Abstract

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.

Keywords: Economic Growth, Foreign Aid, Institutions, Property Rights

JEL Classification: O1, O2, O4

Suggested Citation: Suggested Citation

Carden, Art, Can't Buy Me Growth: On Foreign Aid and Economic Change (March 2, 2010). Journal of Private Enterprise, Vol. 25, No. 1, pp. 105-123, Available at SSRN: https://ssrn.com/abstract=1319441