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Aid and Growth. New Evidence Using an Excludable Instrument
Dreher, Axel - 2017
We use an excludable instrument to test the effect of bilateral foreign aid on economic growth in a sample of 96 … powerful and excludable instrument. Making use of the instrument, our results show no significant effect of aid on growth in … (where abundant aid reduces growth), we find no significant effect of aid on growth in any of these sub-samples. None of the …
Persistent link: https://www.econbiz.de/10012970832
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The Political Economy of Multilateral Aid Funds
Simon, Jenny - 2016
In 2014 over $60 billion was mobilized to help developing nations mitigate climate change, an amount equivalent to the GDP of Kenya. Interestingly, breaking from the traditional model of bilateral aid, donor countries distributed nearly fifty percent of their aid through multilateral aid funds...
Persistent link: https://www.econbiz.de/10012992608
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First Impressions : How Leader Changes Affect Bilateral Aid
Rommel, Tobias - 2017
This paper investigates a new mechanism to explain politically induced changes in bilateral aid. We argue that shifts in the foreign policy alignment between a donor and a recipient country following leadership changes induce reallocation of aid. This is due to heightened uncertainty of...
Persistent link: https://www.econbiz.de/10012967869
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Geopolitics, Aid and Growth
Dreher, Axel - 2013
investigate whether geopolitical motives matter by testing whether the effect of aid on economic growth is reduced by the share of … provides quasi-random variation in commitments. Our results show that the effect of aid on growth is significantly lower when … reduces growth. Second, political interest variables are invalid instruments for aid, raising doubts about a large number of …
Persistent link: https://www.econbiz.de/10013079379
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The Effects of Foreign Aid on Refugee Flows
Dreher, Axel; Fuchs, Andreas; Langlotz, Sarah - 2021
observe long-run effects after four three-year periods, which appear to be driven by lagged positive effects of aid on growth …
Persistent link: https://www.econbiz.de/10013315429
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The Costs of Favoritism : Is Politically-Driven Aid Less Effective?
Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2021
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10013316223
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How much do Educational Outcomes Matter in OECD Countries?
Hanushek, Eric A.; Woessmann, Ludger - CESifo - 2010
economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible …Existing growth research provides little explanation for the very large differences in long-run growth performance … across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of …
Persistent link: https://www.econbiz.de/10008727279
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Politics and IMF Conditionality
Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - CESifo - 2013
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10010877803
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Geopolitics, Aid and Growth
Dreher, Axel; Eichenauer, Vera; Gehring, Kai - CESifo - 2013
investigate whether geopolitical motives matter by testing whether the effect of aid on economic growth is reduced by the share of … provides quasi-random variation in commitments. Our results show that the effect of aid on growth is significantly lower when … reduces growth. Second, political interest variables are invalid instruments for aid, raising doubts about a large number of …
Persistent link: https://www.econbiz.de/10010671571
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The Costs of Favoritism: Is Politically-driven Aid less Effective?
Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - CESifo - 2010
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10008572559