"Foreign Aid and Economic Growth: A Post-Soviet Analysis of Emerging Ma" by Brett Michaelson
 

Document Type

Capstone Project

Publication Date

2015

Keywords

Stevenson Center, Foreign Aid, Economic Development

Abstract

This paper examines the relationship between economic growth and aid receipts per capita in a post-Soviet world. Utilizing economic growth models and assumptions developed by Burnside and Dollar (2000), I find that general sources of foreign aid are detrimental to a country's economic growth. I find that net ODA per capita acts as a substitute for local government investment in pro-growth policies. As such, foreign aid should only be used in targeted and specific cases.

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