An empirical analysis of the impact of foreign economic aid in 67 developed countries over a 19 year period. The results include the relationships between aid and growth and the implication that methodologies traditionally used have been largely responsible for inconsistent findings in the past.

Part 1 Introduction. Part 2 Historical context: evolution of the regime
trends in aid flows. Part 3 Theoretical background: introduction
economic theories of development
criticisms of economic growth theories
the dependency theory of development
mercantilist theory of development. Part 4 Previous studies: economic studies of aid effectiveness
dependency and world system studies
summary of previous studies. Part 5 Methodology and research design: introduction and research questions
methodology
the data and estimation of variables. Part 6 Results of data analysis: regression specifications
data sample
heteroscedasticity
results
sensitivity analysis
further investigation. Part 7 Discussion of the study: introduction
summary of results
conclusions. Part 8 Additional comments: the current context for development assistance
the future of the regime.