Aid,Policy and Growth: Does Aid Modality Matter? |
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Authors: | Bazoumana Ouattara Eric Strobl |
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Institution: | (1) University of Wales Swansea, Swansea, UK;(2) Department of Economics, école Polytechnique Paris, 91128 Palaiseau Cedex, France |
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Abstract: | This paper contributes to the empirics of aid and growth by investigating whether aid modality matters in explaining its effectiveness.
For this purpose, we include the four main aid modalities (project aid, financial program aid, technical assistance grants,
and food aid) as explanatory variables in an endogenous growth model. We find that project aid affects positively and significantly
growth, albeit with diminishing returns. Our results also show that financial program aid generally impacts on growth negatively,
while the impacts of technical assistance and food aid are statistically insignificant. Moreover, we find that climate-related
conditions influence the effect of project aid.
JEL no. C2, F3 |
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Keywords: | Aid growth dynamic panel methods |
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