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Epstein, Gil S.; Gang, Ira N. - Institute for the Study of Labor (IZA) - 2008

We model the aid allocation decision where the donor government has announced that good governance is the criterion for receiving aid. Potential recipients must compete for the aid funds. The structure of the competition is important to the donor in terms of achieving good governance, and to the...

Persistent link: https://www.econbiz.de/10005566444

Aid and Sectoral Labour Productivity

Selaya, Pablo; Thiele, Rainer - Institut für Weltwirtschaft (IfW) - 2008

The paper examines empirically the proposition that aid to poor countries is detrimental for external competitiveness, giving rise to Dutch disease type effects. At the aggregate level, aid is found to have a positive effect on growth of labour productivity. A sectoral decomposition shows that...

Persistent link: https://www.econbiz.de/10005755214

Blunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth

Bazzi, Samuel; Clemens, Michael A. - In: American Economic Journal: Macroeconomics 5 (2013) 2, pp. 152-86

Concern has intensified in recent years that many instrumental variables used in widely-cited growth regressions may be invalid, weak, or both. Attempts to remedy this general problem remain inadequate. We show how a range of published studies can offer more evidence that their results are not...

Persistent link: https://www.econbiz.de/10010633003

The effectiveness of aid on savings and investment in Sub-Saharan Africa : do volatility and institutional quality matter?

Afawubo, Komivi; Mathey, Samuel - In: Applied economics 49 (2017) 51, pp. 5212-5230

Persistent link: https://www.econbiz.de/10011845100

Are long-run output growth rates falling?

Li, Mengheng; Mendieta-Muñoz, Ivan - 2018

-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with …

Persistent link: https://www.econbiz.de/10011823990

The impact of the interaction between institutional quality and aid volatility on growth : theory and evidence

Kathavate, Jay; Mallik, Girijasankar - In: Economic modelling 29 (2012) 3, pp. 715-724

Persistent link: https://www.econbiz.de/10009545523

Aid, volatility and growth again : when aid volatility matters and when it does not

Chauvet, Lisa (contributor); … - 2008

has emerged about the possible negative effects of aid volatility itself. However, the cushioning effect of aid may … involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper we examine to what … destabilizing. We measure aid volatility by several methods and assess procyclicality of aid with respect to exports, thus departing …

Persistent link: https://www.econbiz.de/10003793607

Consequences of aid volatility for macroeconomic management and aid effectiveness

Hudson, John - 2012

This paper reviews both the literature on aid volatility and also adds to that literature. In general, the focus of … this literature has been on the volatility of overall aid, while we focus more on the volatility of the individual aid … commitments and disbursements, particularly the latter. Key aid sectors in explaining total aid volatility relate to debt …

Persistent link: https://www.econbiz.de/10009516697

Foreign aid volatility and lifelong learning: demand-side empirics to a textual literature

Asongu, Simplice A.; Nwachukwu, Jacinta C. - 2015

Purpose- This paper has put a demand-side empirical structure to the hypothesis that foreign aid volatility adversely …. Findings- The findings broadly show that foreign aid volatility does not adversely affect the demand-side choices of lifelong …

Persistent link: https://www.econbiz.de/10011408497

Experiences with Traditional Compensatory Finance Schemes and Lessons from Flex

Francesco, Aiello - 2012

This paper describes some policy instruments set up by the IMF and the European Union in order to provide financial assistance to developing countries whose economies are affected by exogenous shocks from exports side. After briefly reviewing the IMF's CFF and the EU's STABEX, the paper presents...

Persistent link: https://www.econbiz.de/10013107577