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The Solow Model, Poverty Traps, and the Foreign Aid Debate

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  • Brian Snowdon

Abstract

For almost thirty years the Solow model experienced relative neglect within the field of development economics. However, since the mid-1980s the neoclassical growth model has been at the heart of the debate among economists interested in the important issues of growth, development, and convergence. More recently, the case for increasing foreign aid to sub-Saharan Africa has reemerged and has been linked to the Solow model via the hypothesis that many poor countries are caught in a poverty trap. This paper provides critical commentary on the literature relating to the Solow model, economic development, poverty traps, and the case for foreign aid.

Suggested Citation

  • Brian Snowdon, 2009. "The Solow Model, Poverty Traps, and the Foreign Aid Debate," History of Political Economy, Duke University Press, vol. 41(5), pages 241-262, Supplemen.
    • Handle: RePEc:hop:hopeec:v:41:y:2009:i:5:p:241-262
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    Cited by:

    1. James P. Neelankavil & Lonnie K. Stevans & Francisco L. Roman, 2012. "Correlates of economic growth in developing countries: a panel cointegration approach," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(1), pages 83-96, January.
    2. Jiang Hongli & Prince Asare Vitenu‐Sackey, 2023. "Assessment of the effectiveness of foreign aid on the development of Africa," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 79-92, January.
    3. Afolabi Tunde Ahmed & Imran Ur Rahman, 2020. "The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries," International Journal of Science and Business, IJSAB International, vol. 4(6), pages 53-70.
    4. Pauline Dixon, 2013. "International Aid and Private Schools for the Poor," Books, Edward Elgar Publishing, number 15122.

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