Donor policy rules and aid effectiveness
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Donor policy rules and aid effectiveness. / Dalgaard, Carl-Johan Lars.
I: Journal of Economic Dynamics and Control, Bind 32, Nr. 6, 2008, s. 1895–1920.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Donor policy rules and aid effectiveness
AU - Dalgaard, Carl-Johan Lars
N1 - JEL classification: O41, F35
PY - 2008
Y1 - 2008
N2 - The present paper examines the macroeconomic impact of aid, by introducing endogenous aid allocations into a neoclassical growth framework. On this basis it is shown that donor policies can have important implications for the trajectory of recipients' GDP per capita. Depending on specific donor policy choices, aid disbursements may lead to faster transitional growth, stagnation or cyclical growth. Moreover, the analysis also suggests that donor policies may be part of the reason why foreign aid is not found to be uniformly effective in raising long-run productivity across recipients
AB - The present paper examines the macroeconomic impact of aid, by introducing endogenous aid allocations into a neoclassical growth framework. On this basis it is shown that donor policies can have important implications for the trajectory of recipients' GDP per capita. Depending on specific donor policy choices, aid disbursements may lead to faster transitional growth, stagnation or cyclical growth. Moreover, the analysis also suggests that donor policies may be part of the reason why foreign aid is not found to be uniformly effective in raising long-run productivity across recipients
KW - Faculty of Social Sciences
KW - economic growth
KW - aid allocation
U2 - 10.1016/j.jedc.2007.07.002
DO - 10.1016/j.jedc.2007.07.002
M3 - Journal article
VL - 32
SP - 1895
EP - 1920
JO - Journal of Economic Dynamics and Control
JF - Journal of Economic Dynamics and Control
SN - 0165-1889
IS - 6
ER -
ID: 4220124