Michael Clemens, 03 January 2018

Does financial aid contribute to economic growth? In this video, Michael Clemens argues it has, on average, positive effects on growth but the investment has diminishing returns. This video was recorded at the Royal Economic Conference held in London in April 2013.

Olivier Cadot, Jaime de Melo, 14 April 2013

Programmes that help developing nations trade are a key part of the global trade and development agenda. But do such policies work? This column summarises lessons from a recent workshop on the issue. One promising way forward is to use benchmarking from existing data sets to identify the aid’s effectiveness.

Anders Olofsgård, 13 October 2012

The recent focus on impact evaluation within development economics has led to increased pressure on aid agencies to provide evidence from randomised controlled trials. This column argues this reinforces a political bias towards immediately verifiable and media-packaged results at the expense of more long-term and complex processes such as institutional development.

Emmanuel Frot, Maria Perrotta, 24 September 2012

If there seems to be near unanimity among policymakers about the positive role of aid, the academic community has not found any robust evidence that aid contributes to development. This column presents a new empirical strategy that isolates the causal effect of aid on growth. The effect is found to be larger than previously estimated. The average developing country citizen would be about 15% poorer today had aid never been disbursed.

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