Yes Bill, No Owen: Why I Still Doubt Aid-Growth Regressions
[Update: I posted slides from my turn as a discussant for this paper at the Brookings Institution on January 25, 2010.]
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[Update: I posted slides from my turn as a discussant for this paper at the Brookings Institution on January 25, 2010.]
As my colleague David Roodman pointed out, the financial crisis does not bode well for foreign aid to poor countries. In the early 1990s, aid from the four donor countries experiencing financial crises dropped between 10 and 62 percent in the aftermath.
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