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Cited by 299

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The macroeconomic impact of development aid: A critical survey

White, Howard·1992·Journal of Development Studies

Abstract

The early literature explained aid's macroeconomic impact in the context of the dual gap model, showing a clear link between aid and growth. Many now believe that the empirical evidence shows there to be no such relationship. This paper critically reviews the different theoretical perspectives ‐the dual gap model, the savings debate, recipient fiscal response, and aid as Dutch disease — and the empirical debates on aid, savings and growth. The basis for denying a relationship between aid and growth is shown to be weak, though more recent areas of research offer promising directions for future work.

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Metadata

Authors
White, H.
Venue
Journal of Development Studies
Published
1992-01
Volume
28
Issue
2
Pages
163-240
ISSN
  • 0022-0388 (ISSN-L)
  • 1743-9140
OpenAlex
W2015105792
Cited by
299
References
1
FWCI
15.45
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The macroeconomic impact of development aid: A critical survey. https://app.cochat.ai/papers/10.1080/00220389208422230
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White, H. (1992). The macroeconomic impact of development aid: A critical survey. Journal of Development Studies. https://doi.org/10.1080/00220389208422230

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.