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Centre for Research in Economic Development and International Trade (CREDIT), The University of Nottingham >
CREDIT Research Papers, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65459
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Herzer, Dierk | | en_US |
| dc.contributor.author | | Morrissey, Oliver | | en_US |
| dc.date.accessioned | | 2010-08-19 | | en_US |
| dc.date.accessioned | | 2012-10-24T12:02:11Z | | - |
| dc.date.available | | 2012-10-24T12:02:11Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/65459 | | - |
| dc.description.abstract | | This paper makes two main contributions. First, we examine the long-run effect of foreign aid on domestic output for 59 developing countries using heterogeneous panel cointegration techniques to control for omitted variable and endogeneity bias to detect possible cross-country differences in the output effect of aid. The main result is that aid has, on average, a negative long-run effect on output, but there are large differences across countries (in about a third of cases the effect is positive). Second, we use a general-to-specific variable selection approach to systematically search for country-specific factors explaining the cross-country differences in the estimated long-run effect of aid. In contrast to previous studies, we find that aid effectiveness does not depend primarily on factors such as the quality of economic policy, the share of a country's area that is in the tropics, the level of democracy or political stability. The results suggest that the cross-country heterogeneity in the output effect of aid can be explained mainly by cross-country differences in law and order, religious tensions and government size. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Centre for Research in Economic Development and International Trade, Univ. of Nottingham Nottingham | | en_US |
| dc.relation.ispartofseries | | CREDIT Research Paper 09/01 | | en_US |
| dc.subject.jel | | F35 | | en_US |
| dc.subject.jel | | O11 | | en_US |
| dc.subject.jel | | C23 | | en_US |
| dc.subject.jel | | C52 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Aid | | en_US |
| dc.subject.keyword | | Domestic output | | en_US |
| dc.subject.keyword | | Heterogeneous panel cointegration techniques | | en_US |
| dc.subject.keyword | | General-to-specific approach | | en_US |
| dc.subject.stw | | Entwicklungshilfe | | en_US |
| dc.subject.stw | | Entwicklungspolitik | | en_US |
| dc.subject.stw | | Gesamtwirtschaftliche Produktion | | en_US |
| dc.subject.stw | | Entwicklungsländer | | en_US |
| dc.title | | The long-run effect of aid on domestic output | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 607310413 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CREDIT Research Papers, The University of Nottingham
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