Does Aid Help Improve Economic Institutions?

Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find that...

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Main Authors:	Coviello, Decio, Islam, Roumeen
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE EFFECTS AID AID FLOWS BANK DEPOSITS BANKRUPTCY BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL AMERICA CIM COMPETITIVENESS CONTRACT INTENSIVE MONEY DEREGULATION DEVELOPMENT ASSISTANCE DEVELOPMENT ISSUES ECONOMETRICS ECONOMIC GROWTH ECONOMIC OUTCOMES EQUATIONS EXCHANGE OF IDEAS EXCHANGE RATE EXCHANGE RATE APPRECIATION EXPROPRIATION RISK FINANCIAL SECTOR FISCAL POLICY FOREIGN AID INFLOWS GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GOVERNMENT REGULATIONS GOVERNMENT STABILITY GROWTH RATE HUMAN CAPITAL ICRG INFRASTRUCTURE SERVICES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTEREST RATE INTERVENTION LIVING STANDARDS M2 MORAL HAZARD OVERSEAS DEVELOPMENT ASSISTANCE POLICY ADVICE POLICY RESEARCH POLITICAL INSTITUTIONS POLITICAL STABILITY POLITICAL SYSTEMS POSITIVE EFFECTS PRIVATIZATION PROCESS PROPERTY RIGHTS PUBLIC PUBLIC BANKS PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SPENDING REAL GDP REGULATORY FRAMEWORK RENT SEEKING SUB-SAHARAN AFRICA TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VOTERS
Online Access:	http://documents.worldbank.org/curated/en/2006/08/6978683/aid-help-improve-economic-institutions http://hdl.handle.net/10986/8364

id	okr-10986-8364
recordtype	oai_dc
spelling	okr-10986-83642021-04-23T14:02:41Z Does Aid Help Improve Economic Institutions? Coviello, Decio Islam, Roumeen ADVERSE EFFECTS AID AID FLOWS BANK DEPOSITS BANKRUPTCY BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL AMERICA CIM COMPETITIVENESS CONTRACT INTENSIVE MONEY DEREGULATION DEVELOPMENT ASSISTANCE DEVELOPMENT ISSUES ECONOMETRICS ECONOMIC GROWTH ECONOMIC OUTCOMES EQUATIONS EXCHANGE OF IDEAS EXCHANGE RATE EXCHANGE RATE APPRECIATION EXPROPRIATION RISK FINANCIAL SECTOR FISCAL POLICY FOREIGN AID INFLOWS GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GOVERNMENT REGULATIONS GOVERNMENT STABILITY GROWTH RATE HUMAN CAPITAL ICRG INFRASTRUCTURE SERVICES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTEREST RATE INTERVENTION LIVING STANDARDS M2 MORAL HAZARD OVERSEAS DEVELOPMENT ASSISTANCE POLICY ADVICE POLICY RESEARCH POLITICAL INSTITUTIONS POLITICAL STABILITY POLITICAL SYSTEMS POSITIVE EFFECTS PRIVATIZATION PROCESS PROPERTY RIGHTS PUBLIC PUBLIC BANKS PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SPENDING REAL GDP REGULATORY FRAMEWORK RENT SEEKING SUB-SAHARAN AFRICA TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VOTERS Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find that aid has neither a positive nor a negative impact on existing measures of economic institutions. They find the results using pooled data for non-overlapping five-year periods, confirmed by pooled annual regressions for a large panel of countries and by pure cross-section regressions. The authors explicitly allow for time invariant effects that are country specific and find the results to be robust to model specifications, estimation methods, and different data sets. 2012-06-18T21:05:29Z 2012-06-18T21:05:29Z 2006-08 http://documents.worldbank.org/curated/en/2006/08/6978683/aid-help-improve-economic-institutions http://hdl.handle.net/10986/8364 English Policy Research Working Paper; No. 3990 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ADVERSE EFFECTS AID AID FLOWS BANK DEPOSITS BANKRUPTCY BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL AMERICA CIM COMPETITIVENESS CONTRACT INTENSIVE MONEY DEREGULATION DEVELOPMENT ASSISTANCE DEVELOPMENT ISSUES ECONOMETRICS ECONOMIC GROWTH ECONOMIC OUTCOMES EQUATIONS EXCHANGE OF IDEAS EXCHANGE RATE EXCHANGE RATE APPRECIATION EXPROPRIATION RISK FINANCIAL SECTOR FISCAL POLICY FOREIGN AID INFLOWS GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GOVERNMENT REGULATIONS GOVERNMENT STABILITY GROWTH RATE HUMAN CAPITAL ICRG INFRASTRUCTURE SERVICES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTEREST RATE INTERVENTION LIVING STANDARDS M2 MORAL HAZARD OVERSEAS DEVELOPMENT ASSISTANCE POLICY ADVICE POLICY RESEARCH POLITICAL INSTITUTIONS POLITICAL STABILITY POLITICAL SYSTEMS POSITIVE EFFECTS PRIVATIZATION PROCESS PROPERTY RIGHTS PUBLIC PUBLIC BANKS PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SPENDING REAL GDP REGULATORY FRAMEWORK RENT SEEKING SUB-SAHARAN AFRICA TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VOTERS
spellingShingle	ADVERSE EFFECTS AID AID FLOWS BANK DEPOSITS BANKRUPTCY BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL AMERICA CIM COMPETITIVENESS CONTRACT INTENSIVE MONEY DEREGULATION DEVELOPMENT ASSISTANCE DEVELOPMENT ISSUES ECONOMETRICS ECONOMIC GROWTH ECONOMIC OUTCOMES EQUATIONS EXCHANGE OF IDEAS EXCHANGE RATE EXCHANGE RATE APPRECIATION EXPROPRIATION RISK FINANCIAL SECTOR FISCAL POLICY FOREIGN AID INFLOWS GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GOVERNMENT REGULATIONS GOVERNMENT STABILITY GROWTH RATE HUMAN CAPITAL ICRG INFRASTRUCTURE SERVICES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTEREST RATE INTERVENTION LIVING STANDARDS M2 MORAL HAZARD OVERSEAS DEVELOPMENT ASSISTANCE POLICY ADVICE POLICY RESEARCH POLITICAL INSTITUTIONS POLITICAL STABILITY POLITICAL SYSTEMS POSITIVE EFFECTS PRIVATIZATION PROCESS PROPERTY RIGHTS PUBLIC PUBLIC BANKS PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SPENDING REAL GDP REGULATORY FRAMEWORK RENT SEEKING SUB-SAHARAN AFRICA TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VOTERS Coviello, Decio Islam, Roumeen Does Aid Help Improve Economic Institutions?
relation	Policy Research Working Paper; No. 3990
description	Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find that aid has neither a positive nor a negative impact on existing measures of economic institutions. They find the results using pooled data for non-overlapping five-year periods, confirmed by pooled annual regressions for a large panel of countries and by pure cross-section regressions. The authors explicitly allow for time invariant effects that are country specific and find the results to be robust to model specifications, estimation methods, and different data sets.
format	Publications & Research :: Policy Research Working Paper
author	Coviello, Decio Islam, Roumeen
author_facet	Coviello, Decio Islam, Roumeen
author_sort	Coviello, Decio
title	Does Aid Help Improve Economic Institutions?
title_short	Does Aid Help Improve Economic Institutions?
title_full	Does Aid Help Improve Economic Institutions?
title_fullStr	Does Aid Help Improve Economic Institutions?
title_full_unstemmed	Does Aid Help Improve Economic Institutions?
title_sort	does aid help improve economic institutions?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/08/6978683/aid-help-improve-economic-institutions http://hdl.handle.net/10986/8364
_version_	1764406312892891136

Does Aid Help Improve Economic Institutions?

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