Aid instability as a measure of uncertainty and the positive impact of aid on growth

Journal of Development Studies

Volumn 36, Issue 3, 2000, Pages 31-49

  Lensink, Robert ^a,b   Morrissey, Oliver ^c,d  

^a UNIVERSITY OF GRONINGEN   (Netherlands)

^b CREDIT   (United Kingdom)

^c School of Economics   (United Kingdom)

^d UNIVERSITY OF NOTTINGHAM   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

AID FLOW; GROWTH DETERMINATION; INVESTMENT;

EID: 0034009147     PISSN: 00220388     EISSN: None     Source Type: Journal    
DOI: 10.1080/00220380008422627     Document Type: Article

References (26)

1. Aizenman, J. and N. Marion, 1993, 'Macroeconomic Uncertainty and Private Investment', Economics Letters, Vol. 41, pp.207-10.
2. Bacha, E., 1990, 'A Three-gap Model of Foreign Transfers and the GDP Growth Rate in Developing Countries', Journal of Development Economics, Vol. 32, pp.279-96.
3. Barro, R.J., 1991, 'Economic Growth in a Cross-Section of Countries', Quarterly Journal of Economics, Vol. 106, pp.407-43.
4. Barro, R.J. and J.W. Lee, 1994, Data set for a panel of 138 countries, NBER Internet site.
5. Bleaney, M.F., N. Gemmell and D. Greenaway, 1995, 'Tax Revenue Instability with Particular Reference to Sub-Saharan Africa', The Journal of Development Studies, Vol. 31, pp.883-902.
6. Boone, P., 1994, 'The Impact of Foreign Aid on Savings and Growth', London School of Economics, processed.
7. Boone, P., 1996, 'Politics and the Effectiveness of Foreign Aid', European Economic Review, Vol. 40, pp.289-329.
8. Burnside, C. and D. Dollar, 1997, 'Aid, Policies and Growth', Washington, DC: World Bank, Policy Research Working Paper No. 1777.
9. Claessens, S. and I. Diwan, 1990, 'Investment Incentives: New Money, Debt Relief and the Critical Role of Conditionality in the Debt Crisis', World Bank Economic Review, Vol. 4, pp.21-41.
10. Dixit, A.K. and R.S. Pindyck, 1994, Investment under Uncertainty, Princeton, NJ: Princeton University Press.
11. Durbarry. R., Gemmell, N. and D. Greenaway, 1998, 'New Evidence on the Impact of Foreign Aid on Economic Growth', CREDIT Research Paper 98/8, University of Nottingham.
12. Fielding, D., 1997, 'Modeling the Determinants of Government Expenditure in sub-Saharan Africa', Journal of African Economies, Vol. 6, pp.377-90.
13. Franco-Rodriguez, S., McGillivray, M. and O. Morrissey, 1998, 'Aid and the Public Sector in Pakistan: Evidence with Endogenous Aid', World Development, Vol. 26, pp. 1241-50.
14. Gemmell, N. and M. McGillivray, 1998, 'Aid and Tax Instability and the Government Budget Constraint in Developing Countries', CREDIT Research Paper 98/1, University of Nottingham.
15. Hansen, H. and F. Tarp, 1999, 'The Effectiveness of Foreign Aid', Development Economics Research Group, Institute of Economics, University of Copenhagen, processed.
16. Krugman, P., 1988, 'Financing vs. Forgiving a Debt Overhang', Journal of Development Economics, Vol. 29, pp.253-68.
17. Lensink, R. and O. Morrissey, 1999, 'Uncertainty of Aid Inflows and the Aid-Growth Relationship', CREDIT Research Paper 99/3, University of Nottingham.
18. Lensink, R. and H. White, 1998, 'Does the Revival of International Private Capital Flows Mean the End of Aid?' World Development, Vol. 26, pp. 1221-34.
19. Levine, R. and D. Renelt, 1992, 'A Sensitivity Analysis of Cross-Country Growth Regressions', American Economic Review, Vol. 82, pp.942-63.
20. Levy, V., 1987, 'Anticipated Development Assistance, Temporary Relief Aid and Consumption Behaviour in Low-Income Countries', The Economic Journal, Vol. 97, pp.446-58.
21. Mosley, P., Hudson, J. and S. Horrel, 1987, 'Aid, the Public Sector and the Market in Less Developed Economies', The Economic Journal, Vol. 97, pp.616-41.
22. O'Connell, S. and C. Soludo, 1999, 'Aid Intensity in Africa', WPS/99-3, Centre for the Study of African Economies, University of Oxford.
23. Sala-i-Martin, X., 1997a, 'I Just Ran Two Million Regressions', American Economic Review, Vol. 87, pp. 178-83.
24. Sala-i-Marttn, X., 1997b, 'I Just Ran Four Million Regressions', Department of Economics, Colombia University and Universitat Pompeu Fabra, processed.
25. World Bank, 1997, World Development Indicators 1997, available on CD-ROM.
26. World Bank, 1998, Assessing Aid: What Works, What Doesn't and Why, Washington, DC: Oxford University Press, A World Bank Policy Research Report.