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Working Paper 179 - Heterogeneity of the Effects of Aid on Economic Growth in Sub-Saharan: Comparative Evidence from Stable and Post-Conflict Countries
Sub-Saharan Africa is the world’s leading beneficiary of external aid. Since 1960, the international community has devoted over US$568 billion to the development of sub-Saharan Africa (SSA), representing roughly 15% of the continent’s GDP or proportionally four times the Marshall plan that restarted the European economies after the Second World War (United Nations Economic Commission for Africa, 2010). However, growth in SSA has not followed the trend of official development assistance (ODA) inflows, but has remained low despite the recovery of economic activity in the early 2000s (2.37% on average).