Predictability of aid: Do fickle donors undermine aid effectiveness?

Economic Policy

Volumn 23, Issue 55, 2008, Pages 545-594

  Celasun, Oya ^a   Walliser, Jan ^a  

^a WORLD BANK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

AID FLOW; DEVELOPMENT AID; ECONOMIC POLICY; GROSS DOMESTIC PRODUCT; IMF; INVESTMENT; MACROECONOMICS; POLICY IMPLEMENTATION; PUBLIC SPENDING; REGRESSION ANALYSIS;

EID: 45249122665     PISSN: 02664658     EISSN: 14680327     Source Type: Journal    
DOI: 10.1111/j.1468-0327.2008.00206.x     Document Type: Article

References (35)

1. Acemoglu, D., S. Johnson and J.A. Robinson (2001). 'The colonial origins of comparative development: An empirical investigation', American Economic Review, 91 (5), 1369-401.
2. ActionAid (2007). Making Aid Accountable and Effective: An ActionAid Ten-Point Plan for Real Aid Reform. Johannesburg, South Africa: ActionAid.
3. Alesina, A. and D. Dollar (2000). 'Who gives foreign aid to whom and why?', Journal of Economic Growth, 5 (1), 33-63.
4. Alesina, A. and B. Weder (2002). 'Do corrupt governments receive less foreign aid?' American Economic Review, 92, 1126-37.
5. Baum, C.F., M.E. Schaffer and S. Stillman (2007). 'Ivreg2: Stata module for extended instrumental variables/2SLS, GMM and AC/HAC, LIML and k-class regression', http://ideas.repec.org/c/boc/bocode/s425401.html.
6. Birdsall, N. (2006). 'Seven deadly sins: Reflections on donor failings', in A. Chhibber, R.K. Peters, and B.J. Yale (eds.), Reform and Growth: Evaluating the World Bank Experience. New Brunswick, NJ: Transaction Publishers.
7. British Overseas NGOs for Development -BOND (2005). Europe's Role in Making Poverty History, London, United Kingdom.
8. Bulir, A. and A.J. Hamann (2003). 'Aid volatility: An empirical assessment', IMF Staff Papers, 50 (1), 64-89.
9. Burnside, C. and D. Dollar (2000). 'Aid, policies, and growth', American Economic Review, 90 (4), 847-68.
10. Central Intelligence Agency (1996). The World Factbook. Brassey's.
11. Chauvet, L. and P. Guillaumont (2007). 'Aid, volatility and growth again: When aid volatility matters and when it does not', CERDI, Etudes et Documents, E 2007.07. Clermont-Ferrand: Universitéd'Auvergne.
12. Collier, P. (1999). 'Aid dependency: A critique', Journal of African Economies, 8 (4), 528-45.
13. Deaton, A. (1991). 'Saving and liquidity constraints', Econometrica, 59 (5), 1221-48.
14. DfID (Department for International Development) (2006). Assessing the Volatility of International Aid Flows. London: DfID.
15. Easterly, W. (2005). 'What did structural adjustment adjust? The association of policies and growth with repeated IMF and World Bank adjustment loans', Journal of Development Economics, 76 (1), 1-22.
16. Easterly, W.R., R. Levin and D. Roodman (2004). 'Aid, policies, and growth: Comment', American Economic Review, 94 (3), 774-80.
17. Easterly, W. and S. Rebelo (1993). 'Fiscal policy and economic growth: An empirical investigation', Journal of Monetary Economics, 32 (3), 417-58.
18. Eifert, B. and A. Gelb (2006). 'Improving the dynamics of aid: Toward more predictable budget support', in S. Koeberle, Z. Stravreski and J. Walliser (eds.), Budget Support as More Effective Aid? Recent Experiences and Emerging Lessons. Washington, DC: World Bank.
19. Fielding, D. and G. Mavrotas (2005). 'The volatility of aid', Discussion Paper No. 2005/06, Helsinki: World Institute for Development Economics Research.
20. Hadi, A.S. (1994). 'A modification of a method for the detection of outliers in multivariate samples', Journal of the Royal Statistical Society. Series B (Methodological), 56 (2), 393-96.
21. International Monetary Fund (2007). Fiscal Policy Response to Scaled-Up Aid. Washington, DC: International Monetary Fund.
22. Koeberle, S., H. Bedoya, P. Silarsky and G. Verheyen, eds. (2005). Conditionality Revisited. Washington, DC: The World Bank.
23. Koeberle, S. and J. Walliser (2006). 'World Bank conditionality: Trends, lessons, and good practice principles', in S. Koeberle, Z. Stravreski, and J. Walliser (eds.), Budget Support as More Effective Aid? Recent Experiences and Emerging Lessons. Washington, DC: World Bank.
24. Mosley, P. and S. Abrar (2006). 'Trust, conditionality, and aid effectiveness', in S. Koeberle, Z. Stravreski, and J. Walliser (eds.), Budget Support as More Effective Aid? Recent Experiences and Emerging Lessons. Washington, DC: World Bank.
25. OECD (Organization for Economic Co-operation and Development) (2007). 2006 Survey on Monitoring the Paris Declaration: Overview of the Results. Paris: OECD.
26. Pallage, S. and M. Robe (2001). 'Foreign aid and the business cycle', Review of International Economics, 9 (4), 641-72.
27. Pattillo, C., J. Polak and J. Roy (2007). 'Measuring the effect of foreign aid on growth and poverty reduction or the pitfalls of interaction variables', IMF Working Paper 07/145, Washington, DC: International Monetary Fund.
28. Political Risk Services (2006). International Country Risk Guide. New York: Political Risk Services.
29. Rajan, R. and A. Subramanian (2006). 'What undermines aid's impact on growth', NBER Working Paper 11657, Cambridge, MA: National Bureau of Economic Research.
30. Rajan, R. and A. Subramanian (2007). 'Aid and growth: What does the cross-country evidence really show?', Review of Economics and Statistics, forthcoming.
31. Roodman, D. (2006). 'An index of donor performance', Center for Global Development, Working Paper No. 67, Washington, DC: Center for Global Development.
32. SPA (Strategic Partnership with Africa) (2005). Survey of the Alignment of Budget Support and Balance of Payments Support with National PRS Processes. Brussels and London, February.
33. SPA (Strategic Partnership with Africa) (2007). Survey of Budget Support, processed draft, April.
34. Voeten, E. (2005). 'Documenting votes in the General Assembly, Version 1.0', http://home.gwu.edu/~voeten/UNVoting.htm.
35. World Bank (2007). 'Country-based scaling up: Assessment of progress and agenda for action', Background Report for the October 2007 Development Committee Meeting, Washington, DC: World Bank.