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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

Art Carden

Brock School of Business, Samford University; Independent Institute

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

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

Art Carden (Contact Author)

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States

HOME PAGE: http://www.artcarden.com

Independent Institute ( email )

100 Swan Way
Oakland, CA 94621-1428
United States

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