Aid and Growth in India: Some Evidence from Disaggregated Aid Data

South Asia Economic Journal

Volumn 3, Issue 1, 2002, Pages 19-48

  Mavrotas, George ^a  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

Author keywords

aid disaggregation; aid effectiveness; applied econometrics; foreign aid; growth; India

Indexed keywords

EID: 84993741959     PISSN: 13915614     EISSN: None     Source Type: Journal    
DOI: 10.1177/139156140200300102     Document Type: Article

References (56)

1. Alesina, A. and D. Rodrik. (1994), ‘Distributed politics and economic growth’, Quarterly Journal of Economics, Vol. 109, pp. 465-90.
2. Balassa, B. and ASSOCIATES. (1982), Development Strategies in Semi-Industrial Countries. Baltimore: Johns Hopkins University Press.
3. Barro, R. (1991), ‘Economic growth in a cross-section of countries’, Quarterly Journal of Economics, Vol. 106, pp. 407-44.
4. Behrman, J. (1997), ‘Simple analytical considerations for skill development for international competitiveness’, in M. Godfrey (ed.), Skill Development for International Competitiveness, Edward Elgar.
5. Benhabib, J. and B. Jovanovic. (1991), ‘Externalities and Growth Accounting’, American Economic Review, Vol. 81, pp. 82-113.
6. Binh, T.N. and M. McGillivray. (1993), ‘Foreign aid, taxes and public investment: a comment’, Journal of Development Economics, Vol. 41, pp. 173-76.
7. Bhagwati, J. (1978), Anatomy and Consequences of Exchange Control Regimes. Cambridge, MA: NBER.
8. —. (1985), Dependence and Interdependence: Essays in Development Economics. Oxford: Basil Blackwell.
9. —. (1992), ‘India's Economy: The Shackled Giant’, The Radhakrishnan Lectures, Oxford (mimeo).
10. Bhagwati, J. and T. Srinivasan. (1975), India. New York: Columbia University Press.
11. Blomstrom, M., R.E. Lipsey and M. Zejan. (1996), ‘Is Fixed Investment the Key to Economic Growth?’, Quarterly Journal of Economics, Vol. 111, pp. 269-76.
12. Boswijk, H. (1995), ‘Efficient inference on cointegration parameters in structural error correction models’, Journal of Econometrics, Vol. 69, pp. 133-58.
13. Burnside, G. and D. Dollar. (1997), Aid, Policies and Growth', Policy Research Working Paper No. 1777, Washington. D.C.: The World Bank.
14. Cassen, R. (1978), India: Population, Economy and Society. Oxford: Oxford University Press. Cassen, R. et al. (1986), Does Aid Work? Oxford: Oxford University Press.
15. Cassen, R., V. Josph and M. Lipton. (1993), Stabilisation, Structural Reform and IDA Assistance to India, Thomson Press.
16. Cassen, R. (1994), Does Aid Work? Oxford: Oxford University Press (2nd edn.).
17. Chakravarthy, S. (1987), Development Planning: The Indian Experience. Oxford: Oxford University Press.
18. Chaudhuri, P. (1978), The Indian Economy: Poverty and Development. London: Crosby Lockwood.
19. Cukierman, A., S. Edwards and G. Tabellini. (1992), ‘Seignorage and political instability’, American Economic Review, Vol. 82, pp. 537-55.
20. Dixit, A. and R. Pindyck. (1994), Investment Under Uncertainty. Princeton: Princeton University Press.
21. Dollar, D. (1992), ‘Outward-oriented developing economies really do grow more rapidly: evidence from 95 LDCs, 1976-85', Economic Development and Cultural Change, Vol. 40, No. 3, pp. 523-44.
22. Edwards, S. (1989), ‘Openness, outward orientation, trade liberalisation and economic performance in developing countries’, Policy Research Department Working Paper No. 191, Washington, D.C.: The World Bank.
23. Findlay, R. (1978), ‘Relative backwardness, direct foreign investment and transfer of technology’, Quarterly Journal of Economics, Vol. 92, pp. 1-16.
24. Franco-Rodriguez, S., O. Morrissey and M. Mcgillivray. (1998), Aid and the public sector in Pakistan: Evidence with endogenous aid', World Development, Vol. 26, No. 7, pp. 1241-50.
25. Frankel, F. (1978), India's Political Economy 1947-77: The Gradual Revolution. Princeton: Princeton University Press.
26. Gang, I.N. and H.A. Khan. (1991), ‘Foreign Aid, Taxes and Public Investment’,Journal of Development Economics, Vol. 24, pp. 355-69.
27. Goldsmith, R. (1983), The Financial Development of India, 1860-1977. New Haven: Yale University Press.
28. Greenaway, D. and D. Sapsford. (1994), ‘What does liberalisation do for export and growth’, Weltwirtschaftliches Archiv, Vol. 130, No. 1, pp. 157-74.
29. Guillamont, P. and L. Chauvet (1999), ‘Aid and Performance: A Reassessment’, CERDI, CNRS and University of Auvergne, (mimeo).
30. Hansen, H. and F. Tarp. (2000), ‘Aid Effectiveness Disputed’, in Tarp (2000).
31. Heargraves, C. (1994), ‘A review of methods of estimating cointegrating relationships', in C. Heargraves (ed.), Non-Stationary Time-Series Analysis and Cointegration. Oxford: Oxford University Press.
32. Heitger, B. (1987), ‘Import protection and export performance: the impact on economic growth’, Weltwirtschaftlifhes Archiv, Vol. 123, No. 2, pp. 249-61.
33. Heller, P.S. (1975), A model of public fiscal behaviour in developing countries: aid, investment and taxation', American Economic Review, Vol. 65, pp. 429-45.
34. Helliwell, J. (1992), ‘Empirical linkages between democracy and economic growth’, NBER Working Paper 4066.
35. Hendry, D. (1995), Dynamic Econometrics. Oxford: Oxford University Press.
36. Hubbard, R. (1994), ‘Investment under uncertainty: keeping one's options open’, Journal of Economic Literature, Vol. 92, pp. 1816-31.
37. Johansen, S. (1988), ‘Statistical analysis of cointegrating vectors’, Journal of Economic Dynamics and Control, Vol. 12, pp. 231-54.
38. Johansen, S. and K. Juselius. (1990), ‘Maximum likelihood estimation and inference on cointegration’, Oxford Bulletin of Economics and Statistics, Vol. 52, pp. 169-210.
39. Joshi, V. and I.M.D. Little. (1994), India: Macroeconomics and Political Economy (1964-1991). Washington, D.C.: The World Bank.
40. Killick, T. (1998), Aid and the Political Economy of Policy Change, London and New York: Routledge.
41. King, R. and R. Levine. (1994), ‘Capital fundamentalism, economic development and economic growth’, (mimeo), Washington D.C.: The World Bank.
42. Khan, H. and E. Hoshino. (1992), ‘Impact of foreign aid on the fiscal behaviour of LDC governments’, World Development, Vol. 20, pp. 1481-88.
43. Krueger, A. (1995), Trade Policies and Developing Nations, Washington D.C.: Brookings Institution.
44. Lau, L., D. Jamison and F. Louat. (1991), ‘Education and productivity in developing countries: an aggregate production function approach’, Policy Research Department, Working Paper No. 612, Washington D.C.: The World Bank.
45. Lele, U. and M. Agarwal. (1991), ‘Four decades of economic development in India and the role of external assistance’, in U. Lele and 1. Nabi (eds), Transitions in Development, San Francisco: ICS Press.
46. Lensink, R. and H. White. (2000), Assessing Aid: A Manifesto for Aid in the 21st Century?' Oxford Development Studies, Vol. 28, No. 1, pp. 5-17.
47. Levine, R. and S. Zervos. (1992), ‘Looking at the facts: what we know about policy and growth from the cross-country analysis’, (mimeo), Washington D.C.: The World Bank.
48. Lipton, M. and J. Toye. (1990), Does Aid Work in India? London: Routledge.
49. Lucas, R. (1988), ‘On the mechanics of economic development’, Journal of Monetary Economics, Vol. 22, pp. 3-42.
50. Mauro, P. (1995), ‘Corruption and growth’, Quarterly Journal of economics, Vol. 110, pp. 681-712.
51. Mavrotas, G. (1997), ‘Uncertainty and private investment in developing countries: an assessment’, Working Paper No. 9707, School of Economic Studies, University of Manchester.
52. (1998), ‘Foreign Aid and Fiscal Response: A New Model’, Working Paper No. 9802, School of Economic Studies, University of Manchester.
53. Mavrotas, G. and R. Kelly. (2001 a), ‘Old Wine in New Bottles: Testing Causality between Savings and Growth’, The Manchester School, Vol. 69, pp. 97-105.
54. —. (2001 b), ‘Savings Mobilisation and Financial Sector Development: The Nexus', Savings and Development, Vol. 25, No. 1, pp. 33-65.
55. Moschos, D. (1989), ‘Export expansion, growth and the level of economic development: an empirical analysis’, Journal of development Economics, Vol. 30, pp. 93-102.
56. Mosley, P., J. Hudson and S. Horrell. (1987), ‘Aid, the public sector and the market in LDCs', Economic Journal, Vol. 97, pp. 616-41.