Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction

This paper presents a dynamic macroeconomic model that captures key linkages between foreign aid, public investment, growth, and poverty. Public capital is disaggregated into education, core infrastructure, and health. Dutch disease effects associated with aid are accounted for by endogenizing chang...

Full description

Bibliographic Details
Main Authors:	Agénor, Pierre-Richard, Bayraktar, Nihal, El Aynaoui, Karim
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Foreign Aid F350 Measurement and Analysis of Poverty I320 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190
Online Access:	http://hdl.handle.net/10986/5405

id	okr-10986-5405
recordtype	oai_dc
spelling	okr-10986-54052021-04-23T14:02:22Z Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction Agénor, Pierre-Richard Bayraktar, Nihal El Aynaoui, Karim Foreign Aid F350 Measurement and Analysis of Poverty I320 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190 This paper presents a dynamic macroeconomic model that captures key linkages between foreign aid, public investment, growth, and poverty. Public capital is disaggregated into education, core infrastructure, and health. Dutch disease effects associated with aid are accounted for by endogenizing changes in the relative price of domestic goods. The impact of shocks on poverty is assessed through partial elasticities and household survey data. The model is calibrated for Ethiopia and changes in the level of nonfood aid are simulated. The amount by which (nonfood) aid should increase to reach the poverty targets of the Millennium Development Goals is also calculated, under alternative assumptions about the degree of efficiency of public investment. 2012-03-30T07:32:40Z 2012-03-30T07:32:40Z 2008 Journal Article Journal of Development Economics 03043878 http://hdl.handle.net/10986/5405 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Foreign Aid F350 Measurement and Analysis of Poverty I320 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190
spellingShingle	Foreign Aid F350 Measurement and Analysis of Poverty I320 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190 Agénor, Pierre-Richard Bayraktar, Nihal El Aynaoui, Karim Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper presents a dynamic macroeconomic model that captures key linkages between foreign aid, public investment, growth, and poverty. Public capital is disaggregated into education, core infrastructure, and health. Dutch disease effects associated with aid are accounted for by endogenizing changes in the relative price of domestic goods. The impact of shocks on poverty is assessed through partial elasticities and household survey data. The model is calibrated for Ethiopia and changes in the level of nonfood aid are simulated. The amount by which (nonfood) aid should increase to reach the poverty targets of the Millennium Development Goals is also calculated, under alternative assumptions about the degree of efficiency of public investment.
format	Journal Article
author	Agénor, Pierre-Richard Bayraktar, Nihal El Aynaoui, Karim
author_facet	Agénor, Pierre-Richard Bayraktar, Nihal El Aynaoui, Karim
author_sort	Agénor, Pierre-Richard
title	Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction
title_short	Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction
title_full	Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction
title_fullStr	Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction
title_full_unstemmed	Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction
title_sort	roads out of poverty? assessing the links between aid, public investment, growth, and poverty reduction
publishDate	2012
url	http://hdl.handle.net/10986/5405
_version_	1764394934321807360

Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction

Similar Items