Foreign Aid in the Twenty-First CenturySpringer Science & Business Media, 2012 M12 6 - 200 pages Even after half a century of work and much criticism, the driving importance of foreign aid shows no sign of abating. Widespread and acute poverty still ravages many countries of the world, and the understanding of how aid affects the economies of the recipient countries is still far from perfect. These two factors alone warrant the examination offered in this book. The contents of this work try to bring together many strands of the literature, many of which are new and have a bearing on the subject of aid but which have as yet not found their way into the mainstream of the literature. This volume takes a broad survey and also provides a more specific treatment of elements of aid that have yet to be explored in the current literature. This book can serve as both a reference work as well as a research monograph and should be of use for students, as well as for researchers and policy makers. |
Contents
3 | 18 |
6 | 31 |
A SENSITIVITY ANALYSIS | 51 |
ESTIMATION RESULTS 81 | 80 |
1 | 101 |
2 | 110 |
Life expectancy | 113 |
6 | 120 |
1 | 131 |
6 | 137 |
Consumption and investment behaviour | 146 |
SUMMING UP AND LESSONS | 163 |
References | 193 |
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Common terms and phrases
2SLS 3SLS 3SLS estimates aid allocation aid flows aid-cold turkey aid-gradual aid's interaction big-bang Burnside and Dollar Chapter coefficient on aid columns consumption Cross-country correlations derivatives economic policy effects of aid endogenous variables estimated impact multipliers exogenous expectancy extreme-bounds female literacy rate Figure focus coefficient foreign aid Fragile(0 GDP² given in brackets growth equation growth rate growth regression Gupta I-variables Impact effects impact multipliers obtained indicates infant mortality infant mortality rate interaction with policy interactive terms investment share low income countries male literacy rate multipliers are given Nordic countries OECD output per capita p-value panel policy and infant policy index policy values policy-big bang policy-gradual POP² poverty poverty line presents the impact real GDP real per capita recipient countries Restricted model restricted reduced form sample mean share in GDP simulation simultaneous equations model single equation standard errors Unrestricted World Bank Z-variables Zambia βι βυ Вв