Foreign aid and economic growth : a theoretical and empirical investigation / Janine L. Bowen.

Bowen, Janine L.

     Tables and figures                                                               
     Preface and acknowledgments                                                     viii


1 Introduction                                                              1

2 Historical Context

          Evolution of the regime                                          4
          Trends in aid flows                                            I 0

3 Theoretical Background

	Introduction	14
	Economic theories of development	14
	Criticisms of economic growth theories	25
	The dependency theory of development	27
	Mercantilist theory of development	33

4 Review of Previous Studies

	Economic studies of aid effectiveness	35
	Dependency and world-system studies	49
	Summary of previous studies	55

5 Methodology and Research Design

	Introduction and research questions	59
	Methodology	60
	The data and estimation of variables	62

6 Results of Data Analysis

	Regression specifications	64
	Data sample	65
	Heteroscedasticity	66
	Results	67
	Sensitivity analysis	69
	Further investigation	72

7 Discussion of the Study

	Introduction	84
	Summary of results	85
	Conclusions	86

8 Additional Comments

	The current context for development assistance	87
	The future of the regime	88

Bibliography		90