منابع مشابه
Aid and growth regressions
This paper examines the relationship between foreign aid and growth in real GDP per capita as it emerges from simple augmentations of popular cross-country growth specifications. It is shown that aid in all likelihood increases the growth rate, and this result is not conditional on ‘good’ policy. There are, however, decreasing returns to aid, and the estimated effectiveness of aid is highly sen...
متن کاملConsistent Estimation of Growth Regressions
Ordinary least squares is unlikely to estimate growth regressions consistently. A simple alternative method is formulated. Applying ordinary least squares and this method to data on 85 countries over the period 1964-1990 reveals that ordinary least squares is strongly biased. The consistent estimates are about twice as large in magnitude as the inconsistent estimates. This finding suggests that...
متن کاملDualism and cross-country growth regressions
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than previous work. Estimates of the models ...
متن کاملNonlinearities and Robustness in Growth Regressions
Much economic growth research has been devoted to determining the explanatory variables that explain crosscountry variation in growth rates. A frequently cited problem with this literature is that the number of potential growth regressors is vast, potentially exceeding the number of countries available for study. Thus, researchers are faced with the task of arbitrarily specifying which explanat...
متن کاملAid, Growth, and Jobs
Aid, Growth, and Jobs Various development objectives are worthy, but to my mind, one objective dominates all others: reducing the scourge of absolute economic misery in the world. In this paper, I focus on an important but relatively underemphasized approach to poverty reduction: helping the poor earn more in the labour market for the work they do, so that they can buy the goods and services th...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2001
ISSN: 0304-3878
DOI: 10.1016/s0304-3878(00)00150-4