The Effect of Aid on Growth : Evidence from a Quasi-Experiment

The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Deve...

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Bibliographic Details
Main Authors:	Galiani, Sebastian, Knack, Stephen, Xu, Lixin Colin, Zou, Ben
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABSOLUTE VALUE AFRICAN DEVELOPMENT BANK AGGREGATE LEVEL AID AID ALLOCATION AID FLOWS ANNUAL GROWTH ANNUAL RATE AVERAGE ANNUAL AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE LEVEL AVERAGE SHARE BANKING CRISIS BENCHMARK BILATERAL AID BILATERAL DONORS CIVIL LIBERTIES CONDITIONAL CONVERGENCE COUNTRY CHARACTERISTICS COUNTRY DUMMY COUNTRY LEVEL COUNTRY NAME COUNTRY SPECIFIC COUNTRY-SPECIFIC EFFECTS CROSS COUNTRY CROSS-SECTIONAL DATA DATA MODEL DEBT DENSITY FUNCTION DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT AID DEVELOPMENT ASSISTANCE DEVELOPMENT COOPERATION DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT ISSUES DEVELOPMENT POLICY DEVELOPMENT RESEARCH DYNAMIC PANEL DYNAMIC PANEL MODELS ECONOMETRIC MODELS ECONOMETRICS ECONOMIC GROWTH ECONOMIC REVIEW ECONOMIC STUDIES ECONOMICS EMPIRICAL GROWTH MODEL EMPIRICAL LITERATURE EMPIRICAL MODEL EMPIRICAL RESEARCH EMPLOYMENT EQUATIONS ENDOGENOUS VARIABLE ENDOGENOUS VARIABLES ERROR TERM ERROR TERMS ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS EXCHANGE RATES EXOGENOUS CHANGES EXPLANATORY VARIABLE FIXED EFFECTS FIXED EFFECTS ESTIMATOR FOOD AID FOREIGN AID FUNCTIONAL FORM GDP GDP DEFLATOR GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH DETERMINANTS GROWTH EQUATION GROWTH LITERATURE GROWTH MODELS GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HISTORICAL DATA HUMAN DEVELOPMENT HUMANITARIAN AID IDA ELIGIBILITY INCOME DATA INCOME DISTRIBUTION INCOME LEVEL INCOME LEVELS INCOMES INFLATION INFLATION RATES INTERNATIONAL DEVELOPMENT INVENTORY INVESTMENT RATE LAGGED DEPENDENT LAGGED VALUE LAGGED VALUES LESS DEVELOPED COUNTRIES LONG RUN LOW-INCOME COUNTRIES MACROECONOMICS MARGINAL EFFECT MEASUREMENT ERROR MEASUREMENT ERRORS MONEY SUPPLY NATIONAL ACCOUNTS NATIONAL INCOME NEGATIVE GROWTH 0 HYPOTHESIS OFFICIAL DEVELOPMENT ASSISTANCE PER CAPITA GROWTH PER CAPITA GROWTH RATE PER CAPITA INCOME POINT ESTIMATE POINT ESTIMATES POLICY DISCUSSIONS POLICY RESEARCH POLITICAL RIGHTS POOR COUNTRIES POSITIVE EFFECT POSITIVE EFFECTS POSITIVE IMPACT POSITIVE SHOCKS POWER PARITY PRIMARY SCHOOL ENROLMENT PRIVATE SECTOR PURCHASING POWER REAL GDP REGRESSION SAMPLE SENSITIVITY ANALYSIS SERIAL CORRELATION SIGNIFICANT DIFFERENCES SIGNIFICANT EFFECT SIGNIFICANT EVIDENCE STANDARD DEVIATION STRUCTURAL ADJUSTMENT STRUCTURAL CHANGE WEALTH WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2014/05/19495112/effect-aid-growth-evidence-quasi-experiment http://hdl.handle.net/10986/18338

Internet

http://documents.worldbank.org/curated/en/2014/05/19495112/effect-aid-growth-evidence-quasi-experiment
http://hdl.handle.net/10986/18338

The Effect of Aid on Growth : Evidence from a Quasi-Experiment

Internet

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