Development Thresholds of Foreign Aid Effectiveness in Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Development Thresholds of Foreign Aid Effectiveness in Africa write by Simplice Asongu. This book was released on 2015. Development Thresholds of Foreign Aid Effectiveness in Africa available in PDF, EPUB and Kindle. Purpose - This paper examines whether initial levels in GDP growth, GDP per capita growth and inequality adjusted human development matter in the impact of aid on development. In substance its object is to assess if threshold development conditions are necessary for the effectiveness of foreign aid in Africa. Design/Methodology/Approach - The panel quantile regression technique enables us to investigate if the relationship between development dynamics and development assistance differs throughout the distributions of development dynamics.Findings - Three main findings are established. (1) With slight exceptions, the effectiveness of aid in economic prosperity (at the macro level) increases in positive magnitude across the distribution. This implies high-growth countries are more likely to benefit from development assistance (in terms of general economic growth) than their low-growth counterparts. (2) The positive nexus between aid and per capita economic growth displays nonlinear patterns across distributions and specifications, with the correlations broadly higher in top quantiles than in bottom quantiles after controlling for the unobserved heterogeneity. (3) The aid-human development nexus is negative and almost similar in magnitude across distributions and specifications.Practical Implications - As a policy implication, there is need to improve management of aid funds destined for health and education projects in the sampled countries. Moreover, given the magnitude of the nexuses, while blanket aid initiatives could be applied for policies targeting the HDI (due to the absence of significant differences in the magnitude of estimated coefficients), such are unlikely to succeed for aid targeting economic prosperity at macro and micro levels. From the weight of the findings, given a policy of balancing the impact of aid, it could be inferred that low-growth countries would need more aid than their high-growth counterparts because of the less positive effects in the former countries. Originality/Value - This paper contributes to existing literature on the effectiveness of foreign aid by focusing on the distribution of the dependent variables (development dynamics). It is likely that high- and low-growth countries respond differently to development assistance.
Aid and Growth at the Regional Level
Aid and Growth at the Regional Level - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Aid and Growth at the Regional Level write by Axel Dreher. This book was released on 2015-09-03. Aid and Growth at the Regional Level available in PDF, EPUB and Kindle. This paper brings the aid effectiveness debate to the sub-national level. We hypothesize the nonrobust results regarding the effects of aid on development in the previous literature to arise due to the effects of aid being insufficiently large to measurably affect aggregate outcomes. Using geocoded data for World Bank aid to a maximum of 2,221 first-level administrative regions (ADM1) and 54,167 second-level administrative regions (ADM2) in 130 countries over the 2000-2011 period, we test whether aid affects development, measured as nighttime light growth. Our preferred identification strategy exploits variation arising from interacting a variable that indicates whether or not a country has passed the threshold for receiving IDA's concessional aid with a recipient region's probability to receive aid, in a sample of 478 ADM1 regions and almost 8,400 ADM2 regions from 21 countries. Controlling for the levels of the interacted variables, the interaction provides a powerful and excludable instrument. Overall, we find significant correlations between aid and growth in ADM2 regions, but no causal effects.
Institutional Benchmarking of Foreign Aid Effectiveness in Africa
Institutional Benchmarking of Foreign Aid Effectiveness in Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Institutional Benchmarking of Foreign Aid Effectiveness in Africa write by Simplice Asongu. This book was released on 2015. Institutional Benchmarking of Foreign Aid Effectiveness in Africa available in PDF, EPUB and Kindle. This paper integrates two main strands of the aid-development nexus in assessing whether institutional thresholds matter in the effectiveness of foreign aid on institutional development in 53 African countries over the period 1996-2010. Eight government quality indicators are employed: rule of law, regulation quality, government effectiveness, corruption, voice & accountability, control of corruption, political stability and democracy. Three hypotheses are tested and the following findings are established: (1) Institutional benefits of foreign-aid are contingent on existing institutional levels in Africa. (2) But for a thin exception (democracy), foreign-aid is more negatively correlated with countries of higher institutional quality than with those of lower quality. (3) The institutional benefits of foreign-aid are not questionable until greater domestic institutional development has taken place. The reverse is true instead. Government quality benefits of development assistance are questionable in African countries irrespective of prevailing institutional quality levels.
Lessons on Foreign Aid and Economic Development
Lessons on Foreign Aid and Economic Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Lessons on Foreign Aid and Economic Development write by Nabamita Dutta. This book was released on 2019-09-06. Lessons on Foreign Aid and Economic Development available in PDF, EPUB and Kindle. A response to the pressing need to address and clarify the substantial ambiguity within current literature, this edited volume aims to deepen readers’ understanding of the impact of foreign aid on development outcomes based on the latest findings in research over the past decade. Foreign aid has long been seen as one of two extremes: either beneficial or damaging, a blessing or a curse. Consequently, many readers perceive aid’s effectiveness based on the work of scholars who are assessing the impact of aid from one of two antithetical perspectives. This book takes a different approach, shedding light on recent research that can deepen our understanding of the complex relationship between aid and its aftereffects. Drawing from an extensive set of studies that have explored micro and macro impacts of foreign aid for recipient nations, chapter authors highlight more layered and nuanced findings, with a focus on donor characteristics, political motives, and an evaluation of aid projects and their effectiveness, including the differential impact based on type of aid. This volume is the first of its kind to unpack aid as a complex rather than a unitary concept and explore the wide areas of grey that have long enshrouded foreign aid.
The Developmental Effectiveness of Aid to Africa
The Developmental Effectiveness of Aid to Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Developmental Effectiveness of Aid to Africa write by Tony Killick. This book was released on 1991. The Developmental Effectiveness of Aid to Africa available in PDF, EPUB and Kindle. Aid to Sub-Saharan Africa has been less effective in promoting economic development than has aid to other regions. Policies in the recipient countries of Africa - though certainly not the only factor - play the most important role in determining aid's effectiveness. At the heart of the problem is politics, and the solution rests in the hands of the people of Africa.
