Showing 1 - 10 of 37
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
In a recent article, Nowak-Lehmann, Dreher, Herzer, Klasen, and Martínez-Zarzoso (2012) (henceforth NDHKM) conclude that foreign aid has not had a significant effect on income, based on evidence from panel data potentially covering 131 countries over the period 1960-2006. The present study...
Persistent link: https://www.econbiz.de/10010319794
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
The purpose of this paper is to capture the impact of foreign capital inflows (which include foreign aid and foreign direct investment) on economic growth in Cameroon. Using the autoregressive distributive lag approach to cointegration and time-series data for the period 1980 - 2008, the results...
Persistent link: https://www.econbiz.de/10010333701
The micro-macro paradox has been revived. Despite broadly positive evaluations at the micro and meso-levels, recent literature doubts the ability of foreign aid to foster economic growth and development. This paper assesses the aid-growth literature and, taking inspiration from the program...
Persistent link: https://www.econbiz.de/10010280159
Growth and poverty reduction in Africa are weakly linked. This paper argues that the reason is that Africa has failed to create enough good jobs. Structural transformation - the relative growth of employment in high productivity sectors - has not featured in Africa's post-1995 growth story. As a...
Persistent link: https://www.econbiz.de/10010343246
In recent decades, Africa has received a large share of official development assistance compared to other regions of the world. Using AidData for 2000-13, this paper examines the effects of aid to productive sectors on manufacturing growth in Africa. Econometric results show that increased...
Persistent link: https://www.econbiz.de/10013204776
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