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dc.contributor.authorNowak-Lehmann D., Felicitasen_US
dc.contributor.authorMartínez-Zarzoso, Inmaculadaen_US
dc.contributor.authorCardozo, Adrianaen_US
dc.contributor.authorHerzer, Dierken_US
dc.contributor.authorKlasen, Stephanen_US
dc.date.accessioned2011-07-15T14:21:35Z-
dc.date.available2011-07-15T14:21:35Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/48338-
dc.description.abstractThis paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries. Most of the theoretical work emphasizes the negative impact of aid on recipient countries' exports primarily due to exchange rate appreciation, disregarding possible positive effects of aid in overcoming supply bottlenecks and promoting bilateral trade relations. Our empirical findings -all based on endogeneity-proof techniques (such as Dynamic OLS or more refined techniques) - depend very strongly on whether bilateral trade relations and autocorrelation of the disturbances are controlled for. When not controlling for these phenomena, the impact of aid is quite substantial (especially in Asia, Latin America & Caribbean) but when sound estimation techniques are applied the net impact of aid on recipient countries' exports becomes insignificant in the full 130-country sample and the subsamples: Sub-Saharan Africa & MENA, Asia and Latin America & the Caribbean. However, this rather disappointing finding is in line with the small macroeconomic impact of aid found in earlier studies.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Berlin 2011 61en_US
dc.subject.jelF10en_US
dc.subject.jelF35en_US
dc.subject.ddc330en_US
dc.subject.keywordInternational tradeen_US
dc.subject.keywordforeign aiden_US
dc.subject.keywordrecipient exportsen_US
dc.subject.keywordbilateral trade relationsen_US
dc.titleDoes Aid translate into Bilateral Trade? Findings for Recipient Countriesen_US
dc.typeConference Paperen_US
dc.identifier.ppn665347952-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:gdec11:61-
Appears in Collections:Proceedings of the German Development Economics Conference, 2011 (Berlin)

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