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Is Aid Oil? An Analysis of Whether Africa Can Absorb More Aid.

Abstract:

This paper considers whether Africa can absorb a doubling of aid. If oil revenues provide a "natural experiment" the results are disappointing: far from being transformational, they have been markedly less successful than aid. One implication is that the delivery modalities of aid, though heavily criticized, have substantially added value: the paper discusses which modalities may have been most useful. Unfortunately, aid appears to be subject to diminishing returns, so that doubling aid throu...

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Publisher copy:
10.1016/j.worlddev.2006.01.002

Authors


Paul Collier More by this author
Journal:
World Development
Volume:
34
Issue:
9
Publication date:
2006
DOI:
URN:
uuid:f6fd8d50-3a68-445e-9dae-7dae2b1e233f
Local pid:
oai:economics.ouls.ox.ac.uk:11503
Language:
English

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