Journal of Private Enterprise, Vol. 25, No. 1, pp. 105-123
19 Pages Posted: 24 Dec 2008 Last revised: 4 Mar 2010
Date Written: March 2, 2010
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