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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)
Download or read book Aidm Policies, and Growth: Revisiting the Evidence written by and published by World Bank Publications. This book was released on with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : A. Craig Burnside
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)
Download or read book Aid, Policies, and Growth written by A. Craig Burnside and published by . This book was released on 2016 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Burnside and Dollar revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. The authors use an overall measure of institutions and policies popular in the empirical growth literature. The interaction of aid and institutional quality has a robust positive relationship with growth that is strongest in instrumental variable regressions. There is no support for the competing hypothesis that aid has the same positive effect everywhere. The authors also show that in the 1990s the allocation of aid to low-income countries favored those with better institutional quality. This quot;selectivityquot; is sensible if aid in fact is more productive in sound institutional and policy environments. The cross-country evidence on aid effectiveness is supported by other types of information as well: case studies, project-level evidence, and opinion polls support the view that corrupt institutions and weak policies limit the impact of financial assistance for development.This paper - a product of the Development Economics Vice Presidency - is part of a larger effort in the Bank to research aid effectiveness.
Author : Craig Burnside
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)
Download or read book Aid, Policies, and Growth written by Craig Burnside and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. The authors use an overall measure of institutions and policies popular in the empirical growth literature. The interaction of aid and institutional quality has a robust positive relationship with growth that is strongest in instrumental variable regressions. There is no support for the competing hypothesis that aid has the same positive effect everywhere. The authors also show that in the 1990s the allocation of aid to low-income countries favored those with better institutional quality. This "selectivity" is sensible if aid in fact is more productive in sound institutional and policy environments. The cross-country evidence on aid effectiveness is supported by other types of information as well: case studies, project-level evidence, and opinion polls support the view that corrupt institutions and weak policies limit the impact of financial assistance for development.
Author : Shaomeng Jia
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (13 download)
Download or read book Aid, Policies and Growth written by Shaomeng Jia and published by . This book was released on 2016 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 countries and years. Additional tests indicate that the original results are mainly sample driven. Marginal effects from a long-run sample (1962-2013) and post-Cold War (1990-2013) dataset suggest aid may decrease growth at any level of policy. Collectively, the results do not support a positive role of aid on growth, conditional on good policies.
Author : Shaomeng Jia
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Aid, Policies, and Growth written by Shaomeng Jia and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revisit the highly debated aid-policy-growth association. Our results overturn Burnside and Dollar's original findings by simply using new data over the same countries and years. Marginal effects from the extended sample (1962-2013) provide weak evidence that aid can promote growth in the presence of good policies. Post-Cold War (1990-2013) analysis, however, reveals that aid can decrease growth at any level of policy. The overwhelming majority of the results suggest aid conditional on policy is ineffective. This debate continues because the results are highly sensitive to country-year selection, choice of methodology, measurement of institutional quality, and growth rate measurement.
Author : William Easterly
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book New Data, New Doubts written by William Easterly and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Burnside and Dollar (2000) finding that aid raises growth in a good policy environment has had an important influence on policy and academic debates. We conduct a data gathering exercise that updates their data from 1970-93 to 1970-97, as well as filling in missing data for the original period 1970-93. We find that the BD finding is not robust to the use of this additional data.
Author : Martin Ravallion
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4./5 ( download)
Download or read book Dollar a Day Revisited written by Martin Ravallion and published by World Bank Publications. This book was released on 2008 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The article presents the first major update of the international $1 a day poverty line, proposed in World Development Report 1990: Poverty for measuring absolute poverty by the standards of the world's poorest countries. In a new and more representative data set of national poverty lines, a marked economic gradient emerges only when consumption per person is above about $2.00 a day at 2005 purchasing power parity. Below this, the average poverty line is $1.25, which is proposed as the new international poverty line. The article tests the robustness of this line to alternative estimation methods and explains how it differs from the old $1 a day line.
Author :
Publisher : World Bank Publications
ISBN 13 : 9780195211238
Total Pages : 164 pages
Book Rating : 4.2/5 (112 download)
Download or read book Assessing Aid written by and published by World Bank Publications. This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Author : Raymond Fisman
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)
Download or read book Patterns of Industrial Development Revisited written by Raymond Fisman and published by World Bank Publications. This book was released on 2002 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors reexamine the role of financial market development in the intersectoral allocation of resources. First, they characterize the assumptions underlying previous work in this area, in particular, that of Rajan and Zingales (1998). The authors argue that Rajan and Zingales (1998) implicitly test whether financial intermediaries allow firms to better respond to global shocks to growth opportunities. Second, the authors propose a more efficient alternative test of this hypothesis using statistical techniques developed in the social networks literature. Specifically, they find that countries have more highly correlated growth rates across sectors when they have well-developed financial markets, suggesting that financial markets play an important role in allowing firms to take advantage of global growth opportunities. These results are particularly strong when financial development takes into account both the level and composition of financial development: private banking appears to play a particularly important role in resource allocation. The authors' technique allows them to further distinguish between the "growth opportunities" hypothesis stated above and the alternative "finance and external dependence" hypothesis, which implies that countries with similar levels of financial development should specialize in similar sectors. They do not find evidence to support this alternative view of finance and development.
Author : Mr.Joong Kang
Publisher : International Monetary Fund
ISBN 13 : 1484363000
Total Pages : 29 pages
Book Rating : 4.4/5 (843 download)
Download or read book Aid, Exports, and Growth written by Mr.Joong Kang and published by International Monetary Fund. This book was released on 2013-03-20 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD hypothesis, but also shows that aid-receiving countries are not “doomed” to catch DD.
Author : Theocharis N. Grigoriadis
Publisher : Springer
ISBN 13 : 1461465826
Total Pages : 118 pages
Book Rating : 4.4/5 (614 download)
Download or read book Aid in Transition written by Theocharis N. Grigoriadis and published by Springer. This book was released on 2014-10-14 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the one of the first to address aid effectiveness as a political and comparative economics question. Since the collapse of the Soviet Union and the transition of its republics to market structures and more representative forms of government, the European Commission has recognized the necessity of a closer economic cooperation with Russia, Ukraine and Kazakhstan, the three largest economies of the former Soviet Union. This book suggests that the foreign aid of the European Union provided a set of reform incentives to post-Soviet planners. It created the grounds for the institutional and social transformation of the bureaucracy at both central and regional levels by integrating it into the aid allocation process. In Russia, Ukraine and Kazakhstan, the observed subordination of NGOs to the developmental priorities of the bureaucracy occurred at the expense of diversity and political openness. Nevertheless, this reality led to the emergence of transnational sovereignty partnerships that reduced poverty for the general population and motivated both bureaucrats and entrepreneurs to cooperate. Empirical models alone are not sufficient to delineate all the aspects of principal-agent relationships in post-Soviet bureaucracies. This is why formal modeling and analysis of qualitative data are extremely useful. Evaluation reports indicate the problems and challenges faced by aid bureaucrats and suggest that the weakly institutionalized environments of Ukraine and Central Asia/Kazakhstan are less conducive to aid effectiveness than the heavily bureaucratized environment of Russia. The proposed incentives system for the allocation of foreign aid links EU foreign policy with bureaucratic decision-making and reflects the choice sets of the donor and the recipient. Multilevel definitions of aid effectiveness are provided in the course of the book chapters.
Author : Commission on Growth and Development
Publisher : World Bank Publications
ISBN 13 : 0821374923
Total Pages : 198 pages
Book Rating : 4.8/5 (213 download)
Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Author : Jonathan Glennie
Publisher : Zed Books Ltd.
ISBN 13 : 1848135017
Total Pages : 190 pages
Book Rating : 4.8/5 (481 download)
Download or read book The Trouble with Aid written by Jonathan Glennie and published by Zed Books Ltd.. This book was released on 2010-01-01 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa is poor. If we send it money it will be less poor. It seems perfectly logical, doesn't it? Millions of people in the rich world, moved by images on television and appalled by the miserable conditions endured by so many in other countries, have joined campaigns to persuade their governments to double aid to Africa and help put an end to such shameful inequality. It seems simple. But it isn't. In this book, Jonathan Glennie argues that, along with its many benefits, government aid to Africa has often meant more poverty, more hungry people, worse basic services and damage to already precarious democratic institutions. Moreover, calls for more aid are drowning out pressure for action that would really make a difference for Africa’s poor. Rather than doubling aid to Africa, it is time to reduce aid dependency. Through an honest assessment of both the positive and negative consequences of aid, this book will show you why.
Author : Lloyd J. Dumas
Publisher : Yale University Press
ISBN 13 : 0300177941
Total Pages : 393 pages
Book Rating : 4.3/5 (1 download)
Download or read book The Peacekeeping Economy written by Lloyd J. Dumas and published by Yale University Press. This book was released on 2011-01-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea that military strength is virtually synonymous with security is deeply entrenched and widely held. But while the threat or use of military force may sometimes be necessary, it cannot keep us as safe as we would be by building relationships that replace hostility with a sense of mutual purpose and mutual gain. Economic relationships, says Lloyd J. Dumas, can offer a far more effective, and far less costly, means of maintaining security. After defining the right kind of economic relationship--one that is balanced and nonexploitative, emphasizes development, and minimizes environmental damage--Dumas then addresses some practical concerns in establishing and maintaining these relationships. He also considers the practical problems of the transition from military-based security arrangements to "economic peacekeeping," and the effects of demilitarized security on economic development and prosperity.
Author : Derek Fee
Publisher : Bloomsbury Publishing
ISBN 13 : 1780320310
Total Pages : 274 pages
Book Rating : 4.7/5 (83 download)
Download or read book How to Manage an Aid Exit Strategy written by Derek Fee and published by Bloomsbury Publishing. This book was released on 2012-07-12 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: After almost forty years of development aid most commentators agree that aid as we know it has not worked. Aid fatigue is suffered on both the donor and recipient sides, with a wide divergence between those who call for a radical overhaul of aid delivery methods, those who advocate a complete end to development aid and those who continually demand significant increases in aid flows. David Fee provides a refreshing, insightful and comprehensive analysis of how an exit may actually be possible - drawing on real experience and as such supplying a simple summary of recommended policy steps. The author thoroughly reviews aid for trade, regional integration and microfinance and a host of other solutions that have been proposed - arguing that an exit strategy for both donors and the least developed countries will have to consider the optimal combination of these specific initiatives to best satisfy the necessity of development and at the same time solve the problems of conventional aid.
Author : Larry S. Temkin
Publisher : Oxford University Press
ISBN 13 : 0192849972
Total Pages : 421 pages
Book Rating : 4.1/5 (928 download)
Download or read book Being Good in a World of Need written by Larry S. Temkin and published by Oxford University Press. This book was released on 2022-01-27 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Ours is a rich world filled with misery. This gives rise to a pressing question: how should the well-off respond to the needy? Peter Singer famously argued that just as we have an obligation to save a drowning child, we have an obligation to support charities like Oxfam. Inspired by Singer, Effective Altruism holds that we ought to support those charities doing the most good. Being Good in a World of Need powerfully challenges these views. Drawing on many sources, Temkin illustrates many disanalogies between saving a drowning child and supporting international charities, involving: intervening agents; effects of one's actions; corruption; responsibility; accidents versus injustice; and aid beneficiaries. These disanalogies raise complex issues requiring a pluralistic approach, rather than Effective Altruism's monistic, "do the most good" approach. Being Good discusses: ways aid may reward corrupt leaders and incentivize disastrous policies; charities ignoring or covering up negative impacts; the ethical disaster of aid efforts in Goma; brain and character drains; difficulties in replicability or scaling up model aid projects; ethical imperialism, paternalism, autonomy, and respect; Angus Deaton's contention that aid undermines government responsiveness; Jeffrey Sachs and the Millennium Villages Project; conflicts between individual and collective morality; fairness and responsibility; focusing on badly off people rather than countries; humanitarian versus development aid; and ways of aiding other than on-the-ground charities"--
Author : Daniel Gbetnkom
Publisher : AuthorHouse
ISBN 13 : 1456785613
Total Pages : 192 pages
Book Rating : 4.4/5 (567 download)
Download or read book International Finance: Theory and Policy in Africa written by Daniel Gbetnkom and published by AuthorHouse. This book was released on 2012-01-26 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is now well known that there are close links between financial sector development and economic growth, and in turn between economic growth and poverty reduction. A well-functioning financial sector that allocates finance to the best opportunities can contribute to a more diverse economy and a more equal society, rewarding entrepreneurial newcomers and challenging an entrenched and sometimes corrupt, economic and political status quo. However, at first glance, the international finance theory and policies would seem to have little relevance for Africa as there were built up in response to developments that took place far from Africa and whose direct impact on Africa was limited. Nonetheless, key components of the international finance functioning are very relevant for Africa. The ongoing global financial and economic crises that are shaking the world have come as a stark reminder that African countries have a direct interest in global financial stability even though they may not be the main actors. In this line, economic fundamentals, sound national macroeconomic and structural policies and a sound and properly regulated financial system are as critical as ever in Africa. This volume explores the application of the basic theory and the policies of international financial transactions in Africa. It contains six chapters on conceptual and policy-oriented issues. Analyses raise important questions and offers favorable counter-arguments to the application of international finance theory after bringing to focus the relevance of certain themes in Africas inter-state and intrastate policies.
