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The authors revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. The authors use an overall measure of institutions and policies popular in the...
Persistent link: https://www.econbiz.de/10012559666
Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In...
Persistent link: https://www.econbiz.de/10012552266
Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...
Persistent link: https://www.econbiz.de/10012553812
The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...
Persistent link: https://www.econbiz.de/10012554090
The Millennium Development Goals set quantitative targets for poverty reduction and improvements in health, education, gender equality, the environment, and other aspects of human welfare. At existing rates of progress many countries will fall short of these goals. However, if developing...
Persistent link: https://www.econbiz.de/10012559580
The developing world is experiencing substantial environmental change, and climate change is likely to accelerate these …
Persistent link: https://www.econbiz.de/10012557113
The 2005 Paris Declaration on Aid Effectiveness sets targets for increased use by donors of recipient country systems for managing aid. It also calls for donors to be more responsive to the quality of recipient country systems: the optimal level of their use, in terms of maximizing the...
Persistent link: https://www.econbiz.de/10012559455
This paper discusses mechanisms of grand corruption in private sector utility provision in developing countries. By the … term "grand corruption," the authors abstract from the petty corruption that consumers experience - for example, when firms … government level involving private sector management, ownership, and provision of utility services. Corruption at that level may …
Persistent link: https://www.econbiz.de/10012552242
: large payments to gain or alter contracts and circumvent regulations are common. The impact of corruption goes beyond bribe …-and this is where the major impact of corruption is felt. Regulation of the sector is necessary, but simplicity, transparency … enforced regulation of the construction process. Where government is the client, attempts to counter corruption need to begin …
Persistent link: https://www.econbiz.de/10012552721
quality of services. It also shows that corruption leads to adjustments in the quantity, quality, and price of services … privatization and the introduction of independent regulators have, at best, only partial effects on the consequences of corruption …
Persistent link: https://www.econbiz.de/10012553902