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What Are the Links between Aid Volatility and Growth?

Markandya, Anil; Ponczek, Vladimir; Yi, Soonhwa - 2010

This paper adds to aid volatility literature in three ways: First it tests the validity of the aid volatility and … growth relationship from various aspects: across different time horizons, by sources of aid, and by aid volatility …. Third, when examining the relationship between International Development Association aid volatility and growth, it isolates …

Persistent link: https://www.econbiz.de/10012572440

Containing Volatility : Windfall Revenues for Resource-Rich Low-Income Countries

Dobronogov, Anton; Keutiben, Octave - 2014

An abundance of natural resources is both an opportunity and a challenge for developing countries. Several resource-rich, low-income countries receive amounts of foreign aid that are similar to or larger than their actual or potential revenues from natural resources. In such countries, the...

Persistent link: https://www.econbiz.de/10012572527

How Should Donors Respond to Resource Windfalls in Poor Countries? From Aid to Insurance

Saldanha, Fernando M.; Dobronogov, Anton; Gelb, Alan - 2014

transfers to mitigate volatility. The paper outlines ways in which the International Development Association could use hedging …

Persistent link: https://www.econbiz.de/10012572529

Aid Dependence and the Quality of Governance : A Cross-Country Empirical Analysis

Knack, Stephen F. - 2000

Good governance -- in the form of institutions that establish predictable, impartial, and consistently enforced rules for investors -- is crucial for the sustained and rapid growth of per capita incomes in poor countries. Aid dependence can undermine institutional quality by weakening...

Persistent link: https://www.econbiz.de/10012572789

Aid, Growth, and Real Exchange Rate Dynamics

Devarajan, Shantayanan; Go, Delfin S.; Page, John - 2012

assumption is that aid should be predictable for intertemporal smoothing to take place. If aid volatility forces recipients to be …

Persistent link: https://www.econbiz.de/10012552266

Does Aid Help Improve Economic Institutions?

Coviello, Decio; Islam, Roumeen - 2012

Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...

Persistent link: https://www.econbiz.de/10012553812

Roads out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction

Ag??nor, Pierre-Richard; Bayraktar, Nihal El; Aynaoui, Karim - 2012

The authors develop a macroeconomic framework that captures links between aid, public investment, growth, and poverty. Public investment is disaggregated into education, infrastructure, and health, and affects both aggregate supply and demand. Dutch disease effects are captured by accounting for...

Persistent link: https://www.econbiz.de/10012553951

Poverty Traps, Aid, and Growth

Kraay, Aart; Raddatz, Claudio E. - 2012

The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...

Persistent link: https://www.econbiz.de/10012554090

Aid, Policies, and Growth : Revisiting the Evidence

Burnside, Craig; Dollar, David - 2013

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...

Persistent link: https://www.econbiz.de/10012559666

Do Capital Inflows Boost Growth in Developing Countries? : Evidence from Sub-Saharan Africa

Calderón, César A.; Nguyen, Ha - 2015

This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...

Persistent link: https://www.econbiz.de/10012571829