NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Aid and Growth: What Does the Cross-Country Evidence Really Show?

Raghuram G. Rajan, Arvind Subramanian

NBER Working Paper No. 11513
Issued in August 2005

---- Acknowledgements -----

We are grateful to Chris Adam, Andy Berg, Nancy Birdsall, Oya Celasun, Ajay Chhibber, Michael Clemens, Tito Cordella, Graham Hacche, Nurul Islam, Simon Johnson, Sendhil Mullainathan, Jonathan Ostry, Alessandro Prati, Lant Pritchett, Steve Radelet, Rodney Ramcharan, David Roodman, Marta Ruiz-Arranz, Thierry Tressel, and especially Aart Kraay and two anonymous referees for helpful comments. Manzoor Gill and Ioannis Tokatlidis provided superb research assistance. This paper reflects the authors' views and not necessarily those of the International Monetary Fund, its management, or its Executive Board.

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