Aid and the growth of income in aid-favoured developing countries: policy issues
分析最受援助的发展中国家数据，发现援助未显著促进国民生产总值增长，并批评现行援助政策，建议调整援助使用方向以启动可持续经济增长。
An examination of statistical trends in selected variables for the most aid-favored of the developing countries suggests that GNP has not been responsive to aid. More formal econometric experiments yield a similar conclusion, but do not, however, advance our understanding of the aid-GNP relationship since they are subject to serious shortcomings. Adverse terms of trade, meager returns to investment and low labor productivity are shown to go a long way in accounting for poor GNP performance. Whatever the results of quantitative studies, there is a broader concern that in many developing countries aid does not seem to be laying the basis for self-sustained development. The authors are critical of contemporary aid policy orientations and propose certain shifts of emphasis in the use of aid aimed at initiating a planned and sustainable process of economic growth. Copyright 1994 by Oxford University Press.