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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Herzer, Dierk | en |
dc.contributor.author | Morrissey, Oliver | en |
dc.date.accessioned | 2010-08-19 | - |
dc.date.accessioned | 2012-10-24T12:02:11Z | - |
dc.date.available | 2012-10-24T12:02:11Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aThe University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT) |cNottingham | en |
dc.relation.ispartofseries | |aCREDIT Research Paper |x09/01 | en |
dc.subject.jel | F35 | en |
dc.subject.jel | O11 | en |
dc.subject.jel | C23 | en |
dc.subject.jel | C52 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Aid | en |
dc.subject.keyword | Domestic output | en |
dc.subject.keyword | Heterogeneous panel cointegration techniques | en |
dc.subject.keyword | General-to-specific approach | en |
dc.subject.stw | Entwicklungshilfe | en |
dc.subject.stw | Entwicklungspolitik | en |
dc.subject.stw | Gesamtwirtschaftliche Produktion | en |
dc.subject.stw | Entwicklungsländer | en |
dc.title | The long-run effect of aid on domestic output | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 607310413 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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