Aid, Policies, and Growth
利用新的外援数据库，研究外援、经济政策与人均GDP增长的关系，发现援助在财政、货币和贸易政策良好的发展中国家对增长有正面影响，而在政策不佳时效果甚微。
This paper uses a new database on foreign aid to examine the relationships among foreign aid, economic policies, and growth of per capita GDP. We find that aid has a positive impact on growth in developing countries with good fiscal, monetary, and trade policies but has little effect in the presence of poor policies. Good policies are ones that are themselves important for growth. The quality of policy has only a small impact on the allocation of aid. Our results suggest that aid would be more effective if it were more systematically conditioned on good policy.