English, Article edition: Reasonable Expectations and the First Millennium Development Goal: How Much Can Aid Achieve? Dalgaard, Carl-Johan; Erickson, Lennart

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Reasonable Expectations and the First Millennium Development Goal: How Much Can Aid Achieve?
Author
  • Dalgaard, Carl-Johan
  • Erickson, Lennart
Physical Description
  • article
Notes
  • Summary Using a calibrated neoclassical growth model, we address three questions: (i) how much growth should aid flows have produced in Sub-Saharan Africa over the last three decades? (ii) how much aid would be needed to attain the First Millennium Development Goal (MDG#1) of cutting poverty in half by 2015? (iii) taking proposed aid flows as given, how much would structural characteristics, such as domestic savings rates and productivity, have to change in order to reach the MDG#1? Our analysis indicates that past and future expectations for aid in fostering growth and poverty reduction have been too high.
  • foreign aid economic growth millennium development goals
  • RePEc:eee:wdevel:v:37:y:2009:i:7:p:1170-1181
Language
  • English
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