Aid and Debt Relief in Africa: Have They Been Substitutes or Complements?

World Development

Volumn 38, Issue 3, 2010, Pages 219-227

  Powell, Robert ^a   Bird, Graham ^b  

^a INTERNATIONAL MONETARY FUND   (United States)

^b UNIVERSITY OF SURREY   (United Kingdom)

Author keywords

additionality; Africa; aid; debt relief

Indexed keywords

AID DEPENDENCY; AID FLOW; AID REFORM; CONDITIONALITY; DEBT; ECONOMIC DEVELOPMENT; INTERNATIONAL AID; MILLENIUM DEVELOPMENT GOAL; PANEL DATA;

SUB-SAHARAN AFRICA;

EID: 75749102591     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.worlddev.2009.06.005     Document Type: Article

References (24)

1. Alesina A., and Dollar D. Who gives foreign aid to whom and why?. Journal of Economic Growth 5 4 (2000) 2-3
2. Arellano M., and Bover O. Another look at instrumental variables estimation of error correction models. Journal of Econometrics 68 (1995) 29-51
3. Berthélemy J.C., and Tichit A. Bilateral donors aid allocation decisions: A three-dimensional panel analysis. International Review of Economics and Finance 13 3 (2004) 253-274
4. Bird G., and Milne A. Debt relief for low income countries: Is it effective and efficient?. World Economy 26 1 (2003) 43-59
5. Birdsall N., Claessens S., and Diwan I. Policy selectivity foregone: Debt and donor behavior in Africa. World Bank Economic Review 17 (2003) 409-435
6. Blundell R., and Bond S. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics 87 (1998) 115-143
7. Claessens, S., Cassimon, D., & Van Campenhaut, B. (2007). Empirical evidence on the new international architecture. Working Paper, WP/07/277. International Monetary Fund: Washington, DC.
8. Commission for Africa. Our common interest: Report of the Commission for Africa (2005), Department for International Development, London, UK
9. Gang I.N., and Khan H.A. Some determinants of foreign aid to India 1960-1986. World Development 18 (1990) 432-442
10. Grilli, E., & Riess, M. (1992). EC aid to associated countries: Distribution and determinants. Development Studies Working Paper.
11. Gupta S., Powell R., and Yang Y. The macroeconomic challenges of scaling up aid to Africa (2006), International Monetary Fund, Washington, DC
12. Maizels A., and Nissanke M. Motivations for aid to developing countries. World Development 12 9 (1984) 2-3
13. Marchesi, S., & Missale, A. (2004). What motivates lending and aid to the HIPCs? Working Paper, Series No. 189. Turin, Italy: Centro Studi Luca d'Agliano.
14. McGillivray M. Explanatory studies of aid allocation among developing countries: A critical survey (2003), World Institute for Development Economics Research of the United Nations University, Helsinki, Finland
15. McKinley R.D., and Little R. A foreign policy model of US Bilateral aid allocation. World Politics 30 1 (1977) 58-86
16. McKinley R.D., and Little R. A foreign policy model of the distribution of British Bilateral aid, 1960-70. British Journal of Political Science 8 3 (1978) 313-332
17. McKinley R.D., and Little R. The French aid relationship: A foreign policy model of the distribution of French Bilateral aid, 1964-70. Development and Change 9 (1978) 459-478
18. McKinley R.D., and Little R. The US aid relationship: A test of the recipient need and donor interest models. Political Studies 27 2 (1979) 236-250
19. Ndikumana, L. (2002). Additionality of debt relief and debt forgiveness, and implications for future volumes of official assistance. Discussion Paper No. 2002/97. Helsinki, Finland: World Institute for Development Economics Research of the United Nations University.
20. Powell, R. (2003). Debt relief, additionality, and aid allocation in low income countries. Working Paper 03/175. International Monetary Fund, Washington, DC.
21. Roodman, D. (2005). An index of donor performance. Working Paper 67. Washington, DC: Center for Global Development.
22. Ruiz-Arranz, M., Cordella, T., & Ricci, L. A. (2005). Debt overhang or debt irrelevance? Revisiting the debt growth link. Working Paper 05/223. Washington, DC: International Monetary Fund.
23. Trumbull W., and Wall H.J. Estimating aid allocation criteria with panel data. Economic Journal 104 July (1994) 876-882
24. Wall H.J. The allocation of official development assistance. Journal of Policy Modeling 17 3 (1995) 307-314