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Aid Policies and Growth: in Search of the Holy Grail by John Hudson; Paul Mosley is a Social Sciences article available to read on EtoBox.

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## Abstract In this paper we consider the hypothesis that aid effectiveness can be linked to ‘good policies’ and thus that aid, if it is to have maximum impact, should be directed at countries following good policies. This is an idea which we have considerable sympathy with in principle and have built upon in the past. Indeed at one level it is almost a truism and yet in practice we find little empirical evidence in support of it when we restrict good policies to mean free market policies. ‘Good policies’ appear to matter in stimulating growth, but they do not appear to impact on aid effectiveness. Unlike much of other recent work the analysis is of a simultaneous system of equations of which growth is just one. The results suggest a complex interaction between macroeconomic variables and good policies, but it also suggests the need to widen our definition of good policies to increase both the theoretical and empirical relevance of the hypothesis. Copyright © 2001 John Wiley & Sons, Ltd.

Who reads Aid Policies and Growth: in Search of the Holy Grail?

Author

John Hudson; Paul Mosley

Publisher

John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley; Publons (ISSN 0954-1748)

Published

2001

Language

EN

Field

Social Sciences