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This paper analyses macroeconomic aspects of exit from aid-dependence. By 'exit from aid', we mean substantial and enduring decline over time in Official Development Assistance (ODA) as a share of Gross Domestic Product (GDP). The relevant macroeconomic variables are identified by systematically...
Persistent link: https://www.econbiz.de/10009502923
This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that foreign aid, with the important exception of years of adverse...
Persistent link: https://www.econbiz.de/10012752145
This paper assesses the effectiveness of foreign aid in improving government institutions in 52 African countries using updated data (1996-2010). Findings suggest development assistance deteriorates government quality dynamics of corruption-control, political-stability, rule of law, regulation...
Persistent link: https://www.econbiz.de/10011410244
This paper contributes to the debate on aid effectiveness by looking at the 'how' of aid effectiveness. In other words it provides an assessment of whether aid only filled a financing gap or whether it, in addition, helped influence the political economy in a way that engendered growth. Ghana...
Persistent link: https://www.econbiz.de/10010191181
Since 1988, Professor Geoffrey Wood of the Sir John Cass Business School, has written a regular column in the IEA's journal, Economic Affairs, in which he exposes popular economic fallacies. Fifty Economic Fallacies Exposed collects fifty of these columns and exposes numerous common fallacies....
Persistent link: https://www.econbiz.de/10014066574
conflict cycle has probably declined. The stance of macroeconomic policy was an important factor while the underlying quot;conflict … provide support during conflict, but more inclined after conflict. These findings are buttressed by the post-conflict … findings have implications for policy and aid priorities after conflict …
Persistent link: https://www.econbiz.de/10012783169
Persistent link: https://www.econbiz.de/10012507868
This article reviews the use of the concept of political instability in economic research, the importance of which has been growing in recent years due to its potentially profound economic consequences. The article explores this concept by working through the definitions, dimensions, and methods...
Persistent link: https://www.econbiz.de/10012821409
conflict intensity and access to international credit on the pace of reform progress. It finds a statistically significant …
Persistent link: https://www.econbiz.de/10012424667
Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural...
Persistent link: https://www.econbiz.de/10011409248