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dc.contributor.authorDovern, Jonasen_US
dc.contributor.authorNunnenkamp, Peteren_US
dc.date.accessioned2009-01-28T14:28:46Z-
dc.date.available2009-01-28T14:28:46Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/3883-
dc.description.abstractIt continues to be heavily disputed whether foreign aid promotes economic growth in developing countries. In most cross-country regressions, aid is considered effective only if it shifts recipient countries to a significantly higher and sustainable growth path. We apply an alternative approach which is less demanding, based on the concept of temporary growth accelerations suggested by Hausmann, Pritchett and Rodrik. In assessing what can reasonably be expected from the donors' modest aid efforts, we do not only employ aggregate aid data but we also differentiate between major aid categories, including grants, loans and so-called short-impact aid. It turns out that aid flows have a small but significantly positive effect on the conditional probability of growth accelerations. This result holds across different estimation methods. Short-impact aid is found to be more effective in this respect, while we reject the view that grants are superior to loans. To the contrary, we find a stronger effect of loans. Furthermore, aid has become more effective during the second half of our sample. Typically, however, the significance of results crucially depends on the criteria applied to identify growth accelerations.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1296en_US
dc.subject.jelF35en_US
dc.subject.jelO11en_US
dc.subject.ddc330-
dc.subject.keywordAid effectivenessen_US
dc.subject.keywordGrowth accelerations-
dc.subject.keywordGrants versus loans-
dc.subject.keywordShort-impact aid-
dc.subject.stwEntwicklungshilfeen_US
dc.subject.stwEntwicklungsfinanzierungen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEntwicklungsländeren_US
dc.titleAid and growth accelerations: An alternative approach to assess the effectiveness of aiden_US
dc.typeWorking Paperen_US
dc.identifier.ppn518059561en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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