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Rhetoric versus reality: the best and worst of aid agency practices

Easterly, William; Williamson, Claudia R. - Volkswirtschaftliche Fakultät, … - 2011

Foreign aid critics, supporters, recipients, and donors have produced eloquent rhetoric on the need for better aid practices— has this translated into reality? This paper attempts to monitor the best and worst of aid practices among bilateral, multilateral, and UN agencies. We create aid...

Persistent link: https://www.econbiz.de/10011258313

African Export Successes: Surprises, Stylized Facts, and Explanations

Easterly, William; Reshef, Ariell - National Bureau of Economic Research (NBER) - 2010

We establish the following stylized facts: (1) Exports are characterized by Big Hits, (2) the Big Hits change from one period to the next, and (3) these changes are not explained by global factors like global commodity prices. These conclusions are robust to excluding extractable products (oil...

Persistent link: https://www.econbiz.de/10008765616

Institutions: top down or bottom up?

Easterly, William - Volkswirtschaftliche Fakultät, … - 2008

A large research program in economics has established a persuasive link between institutions and economic development. But what does this imply for development policymaking? Can a political leader or aid agency seeking to promote development readily change institutions? This article starts off...

Persistent link: https://www.econbiz.de/10011111488

The European origins of economic development

Easterly, William; Levine, Ross - Volkswirtschaftliche Fakultät, … - 2012

some evidence for an institutional channel, but our findings are most consistent with human capital playing a central role …

Persistent link: https://www.econbiz.de/10011112583

The European Origins of Economic Development

Easterly, William; Levine, Ross - National Bureau of Economic Research (NBER) - 2012

settlement was more than offset by other things the European settlers brought with them, such as human capital and technology. …

Persistent link: https://www.econbiz.de/10010821800

The effect of IMF and World Bank programmes on poverty

Easterly, William - 2001

Structural adjustment, as measured by the number of adjustment loans from the IMF and World Bank, reduces the growth elasticity of poverty reduction. Growth does reduce poverty, but I find no evidence for a direct effect of structural adjustment on growth. Instead, the poor benefit less from...

Persistent link: https://www.econbiz.de/10010279201

Policy, Technology Adoption and Growth

Easterly, William; King, Robert G; Levine, Ross; … - C.E.P.R. Discussion Papers - 1994

recent growth literature: human capital accumulation and technological progress. Our model economy does not create new … technologies, it simply adopts those that have been created elsewhere. The accumulation of human capital is closely tied to this … adoption process: accumulating human capital simply means learning how to incorporate a new intermediate good into the …

Persistent link: https://www.econbiz.de/10005788966

Can the West Save Africa?

Easterly, William - National Bureau of Economic Research (NBER) - 2008

In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey contrasts the predominant "transformational" approach...

Persistent link: https://www.econbiz.de/10005777960

What did Structural Adjustment Adjust? The Association of Policies and Growth with Repeated IMF and World Bank Adjustment Loans

Easterly, William - 2002

One feature of adjustment loans that has been often overlooked in their evaluation is their frequent repetition to the same country, with such extremes as the 30 IMF and World Bank adjustment loans to Argentina over 1980-99 or the 26 adjustment loans to Cote d'Ivoire and Ghana. The rate of...

Persistent link: https://www.econbiz.de/10005162617

Reliving the '50s: The Big Push, Poverty Traps, and Takeoffs in Economic Development

Easterly, William - 2005

The classic narrative of economic development -- poor countries are caught in poverty traps, out of which they need a Big Push involving increased aid and investment, leading to a takeoff in per capita income -- has been very influential in development economics since the 1950s. This was the...

Persistent link: https://www.econbiz.de/10005162623