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The role of foreign aid in the growth process of developing countries has been a topic of intense debate. Foreign aid is an important topic given its implications for poverty reduction in developing countries.Since the second World War, foreign aid has been one of the most prominent policy tools...
Persistent link: https://www.econbiz.de/10012955245
Burnside and Dollar (2000) conclude aid promotes growth in the presence of sound policies. Easterly et al. (2004) overturn this result. We revisit this highly debated topic with updated data. Our results overturn Burnside and Dollar's original findings by simply using new data over the same...
Persistent link: https://www.econbiz.de/10012982683
The most recent literature on aid effectiveness finds a positive effect of aid on growth. To the extent that aid goes through the budget, this either reflects an aid-financed increase in government expenditures (quantity effect) or an improvement in the use of government resources as a result of...
Persistent link: https://www.econbiz.de/10010231655
Aid is said to be fungible at the aggregate level if it raises government expenditures by less than the total amount. This happens when the recipient government decreases domestic revenue, decreases net borrowing, or when aid bypasses the budget. This study makes three contributions to both...
Persistent link: https://www.econbiz.de/10010465440
The main argument of this paper is that there is considerable heterogeneity in the way aid can shape tax performance in developing countries: through behavioural effects, donor conditionality, recipient policy reform and technical assistance; and these effects are country-specific. We investigate...
Persistent link: https://www.econbiz.de/10011777119
The most recent literature on aid effectiveness finds a positive effect of aid on growth. To the extent that aid goes through the budget, this either reflects an aid-financed increase in government expenditures (quantity effect) or an improvement in the use of government resources as a result of...
Persistent link: https://www.econbiz.de/10014149694
It is clear from the implications of growth theory that the impact of aid depends on how it affects savings, investment and government behaviour. In respect of low-income countries, which are the principal aid recipients and the economies for which the issue of the impact of aid on growth is...
Persistent link: https://www.econbiz.de/10010279247
We assemble more pieces on the puzzle of the aid-corruption nexus. In essence, we extend the debate on the effect of foreign aid on corruption by providing evidence on dynamic effects of wealth, legal origin, religious-domination, regional proximity, openness to sea, natural resources and...
Persistent link: https://www.econbiz.de/10013021929
The Eubank (2012, JDS) findings on taxation, political accountability and foreign aid has had an important influence in academic and policy-making debates. Eubank has warned that his findings should not be generalized across Africa until they are backed by robust empirical evidence. This paper...
Persistent link: https://www.econbiz.de/10013031753
The Kangoye (2013, TDE) findings on the negative nexus between foreign aid unpredictability and governance could seriously affect debates in academic and policy making circles. Using the theoretical underpinnings of the celebrated Eubank (2012, JDS) literature, we first confirm Kangoye's...
Persistent link: https://www.econbiz.de/10013047707