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This paper examines the impact of foreign aid on economic growth in Sierra Leone, a country where an empirical econometric study on aid effectiveness is yet to exist. Using a triangulation of approaches involving the ARDL bounds test approach and the Johansen maximum likelihood approach to...
Persistent link: https://www.econbiz.de/10010333088
I discuss how aid can support growth in small, isolated economies. Small markets frustrate scale economies and competition. Combined with high transport costs, essential inputs become prohibitively expensive. Breaking the coordination problem requires pioneering investment. Since this generates...
Persistent link: https://www.econbiz.de/10010319804
This paper sets out to provide an introduction to two sets of questions, and to some relevant literature that has tried to answer them. The first set of questions concern what determines growth in low-income countries, and how the answers are conditioned by the history of fiscal policy design...
Persistent link: https://www.econbiz.de/10010332937
Some recent literature in the meta-analysis category where results from a range of studies are brought together throws doubt on the ability of foreign aid to foster economic growth and development. This paper assesses what meta-analysis has to say about the effectiveness of foreign aid in terms...
Persistent link: https://www.econbiz.de/10010280207
Persistent link: https://www.econbiz.de/10001538806
This paper investigates whether poor employment prospects of potential insurgents help to fuel conflict. The paper … benefits are unobserved. In contrast, many other shocks in the conflict literature are persistent and unanticipated, thus also … estimates of the effect of harvest shocks on conflict intensity in Afghanistan, Iraq, and Pakistan using subnational variation …
Persistent link: https://www.econbiz.de/10012297223
of the impact of conflict point to negative gross domestic product (GDP) growth of -12 percent on average over 2011 …-18, resulting in a GDP contraction to about one-third of the 2010 level. In post-conflict simulation scenarios, the growth drivers … stable resolution of the conflict is achieved …
Persistent link: https://www.econbiz.de/10012113903
Persistent link: https://www.econbiz.de/10000148290
This study provides an analysis of the aid-private capital flows-growth nexus for Ghana. It is premised on the argument that Ghana's new status as a middle income country plus the start of oil production is bound to result in a reduction in ODA inflows in the long term. However in the short to...
Persistent link: https://www.econbiz.de/10010319799
The Nordic countries are often bundled together, as representatives of a 'model' which combines high living standards and an open market economy with social insurance and ambitious public services. Yet, the economic and political development of Denmark, Finland, Norway and Sweden towards this...
Persistent link: https://www.econbiz.de/10010280060