Counting Chickens when they Hatch: Timing and the Effects of Aid on Growth

Economic Journal - Tập 122 Số 561 - Trang 590-617 - 2012
Michael A. Clemens1, Steven Radelet2, Rikhil R. Bhavnani3, Samuel Bazzi4
1 Center for Global Development
2United States Agency for International Development
3University of Wisconsin, Madison
4University of California, San Diego

Tóm tắt

Từ khóa


Tài liệu tham khảo

Anderson, 1982, ‘Formulation and estimation of dynamic models using panel data’, Journal of Econometrics, 18, 47, 10.1016/0304-4076(82)90095-1

Arndt, 2010, ‘Aid, growth, and development: have we come full circle?’, Journal of Globalization and Development, 1, 1, 10.2202/1948-1837.1121

Barro, 1997, Determinants of Economic Growth: A Cross‐Country Empirical Study

Batista, 2004, ‘Can the IMF’s medium‐term growth projections be improved?’, 10.2139/ssrn.879028

Bazzi, 2010, ‘Blunt instruments: a cautionary note on establishing the causes of economic growth’

Boone, 1996, ‘Politics and the effectiveness of foreign aid’, European Economic Review, 40, 289, 10.1016/0014-2921(95)00127-1

Burnside, 2000, ‘Aid, policies, and growth’, American Economic Review, 90, 847, 10.1257/aer.90.4.847

Burnside, 2004, ‘Aid, policies, and growth: revisiting the evidence’, 10.1596/1813-9450-3251

Chang, 1999, ‘Measuring aid flows: a new approach’

Chatterjee, 2000, Regression Analysis by Example

Chauvet, 2004, Towards Pro‐Poor Policies: Aid, Institutions, and Globalization, 95

Clemens, 2004, ‘Counting chickens when they hatch: the short‐term effect of aid on growth’

Collier, 2001, ‘Aid, shocks, and growth’, 10.1596/1813-9450-2688

Collier, 2002, ‘Aid allocation and poverty reduction’, European Economic Review, 46, 1475, 10.1016/S0014-2921(01)00187-8

Collier, 2004, ‘Aid, policy and growth in post‐conflict societies’, European Economic Review, 48, 1125, 10.1016/j.euroecorev.2003.11.005

Cragg, 1993, ‘Testing identifiability and specification in instrumental variable models’, Econometric Theory, 9, 222, 10.1017/S0266466600007519

Dalgaard, 2001, ‘On aid, growth and good policies’, Journal of Development Studies, 37, 17, 10.1080/713601081

Dalgaard, 2004, ‘On the empirics of foreign aid and growth’, Economic Journal, 114, F191, 10.1111/j.1468-0297.2004.00219.x

Devarajan, 2000, The World Bank: Structure and Policies, 196, 10.1017/CBO9780511560002.008

Djankov, 2008, ‘The curse of aid’, Journal of Economic Growth, 13, 169, 10.1007/s10887-008-9032-8

Dreher, 2008, ‘Does aid for education educate children? Evidence from panel data’, World Bank Economic Review, 22, 291, 10.1093/wber/lhn003

Durlauf, 1999, Handbook of Macroeconomics, 235, 10.1016/S1574-0048(99)01007-1

Easterly, 2003, ‘Can foreign aid buy growth?’, Journal of Economic Perspectives, 17, 23, 10.1257/089533003769204344

Easterly, 2006, The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good, 10.1016/S0140-6736(06)68925-3

Easterly, 1993, ‘Good policy or good luck?: country growth performance and temporary shocks’, Journal of Monetary Economics, 32, 459, 10.1016/0304-3932(93)90026-C

Easterly, 2004, ‘Aid, policies, and growth: comment’, American Economic Review, 94, 774, 10.1257/0002828041464560

Feyzioğlu, 1998, ‘A panel data analysis of the fungibility of foreign aid’, World Bank Economic Review, 12, 29, 10.1093/wber/12.1.29

Frankel, 1999, ‘Does trade cause growth?’, American Economic Review, 89, 379, 10.1257/aer.89.3.379

Granger, 1969, ‘Investigating causal relations by econometric models and crossspectral methods’, Econometrica, 37, 424, 10.2307/1912791

Griffin, 1970, ‘Foreign assistance: objectives and consequences’, Economic Development and Cultural Change, 18, 313, 10.1086/450435

Guillaumont, 2001, ‘Aid and performance: a reassessment’, Journal of Development Studies, 37, 66, 10.1080/713601083

Gulati, 1978, ‘Effect of capital imports on savings and growth in less developed countries’, Economic Inquiry, 16, 563, 10.1111/j.1465-7295.1978.tb00526.x

Gupta, 1983, Foreign Capital, Savings and Growth: An International Cross‐Section Study, International Studies in Economics and Econometrics

Gupta, 2002, ‘Challenges in expanding development assistance’, 10.5089/9781451972788.003

Hadjimichael, 1995, ‘Subsaharan africa: growth, savings, and investment, 1986–93’

Hansen, 2000, ‘Aid effectiveness disputed’, Journal of International Development, 12, 375, 10.1002/(SICI)1099-1328(200004)12:3<375::AID-JID657>3.0.CO;2-M

Hansen, 2001, ‘Aid and growth regressions’, Journal of Development Economics, 64, 547, 10.1016/S0304-3878(00)00150-4

Hausmann, 2007, ‘What you export matters’, Journal of Economic Growth, 12, 1, 10.1007/s10887-006-9009-4

Islam, 2003, ‘Political regimes and the effects of foreign aid on economic growth’, The Journal of Developing Areas, 37, 35, 10.1353/jda.2004.0009

Islam, 1995, ‘Growth empirics: a panel data approach’, Quarterly Journal of Economics, 110, 1127, 10.2307/2946651

Islam, 2003, ‘What have we learnt from the convergence debate?’, Journal of Economic Surveys, 17, 309, 10.1111/1467-6419.00197

Karras, 2006, ‘Foreign aid and long‐run economic growth: empirical evidence for a panel of developing countries’, Journal of International Development, 18, 15, 10.1002/jid.1187

Kleibergen, 2006, ‘Generalized reduced rank tests using the singular value decomposition’, Journal of Econometrics, 133, 97, 10.1016/j.jeconom.2005.02.011

Knack, 2007, ‘Donor fragmentation and bureaucratic quality in aid recipients’, Journal of Development Economics, 83, 176, 10.1016/j.jdeveco.2006.02.002

Kraay, 2006, The Macroeconomic Management of Foreign Aid: Opportunities and Pitfalls, 61

Lensink, 2000, ‘Aid instability as a measure of uncertainty and the positive impact of aid on growth’, Journal of Development Studies, 36, 31, 10.1080/00220380008422627

Lensink, 2001, ‘Are there negative returns to aid?’, Journal of Development Studies, 37, 42, 10.1080/713601082

Levy, 1988, ‘Aid and growth in Sub‐Saharan Africa: the recent experience’, European Economic Review, 32, 1777, 10.1016/0014-2921(88)90085-2

Lind, 2010, ‘With or without U? The appropriate test for a U‐shaped relationship’, Oxford Bulletin of Economics and Statistics, 72, 109, 10.1111/j.1468-0084.2009.00569.x

Mavrotas, 2002, ‘Aid and growth in India: some evidence from disaggregated aid data’, South Asia Economic Journal, 3, 19, 10.1177/139156140200300102

McGillivray, 2000, ‘Aid fungibility in assessing aid: red herring or true concern?’, Journal of International Development, 12, 413, 10.1002/(SICI)1099-1328(200004)12:3<413::AID-JID659>3.0.CO;2-P

Mehrhoff, 2009, ‘A solution to the problem of too many instruments in dynamic panel data gmm’, 10.2139/ssrn.2785360

Moreira, 2005, ‘Evaluating the impact of foreign aid on economic growth: a cross‐country study’, Journal of Economic Development, 30, 25

Mosley, 1980, ‘Aid, savings and growth revisited’, Oxford Bulletin of Economics and Statistics, 42, 79, 10.1111/j.1468-0084.1980.mp42002002.x

Mosley, 1987, ‘Aid, the public sector and the market in less developed countries’, Economic Journal, 97, 616, 10.2307/2232927

Nickell, 1981, ‘Biases in dynamic models with fixed effects’, Econometrica, 49, 1417, 10.2307/1911408

Over, 1975, ‘An example of the simultaneous‐equation problem: a note on ‘Foreign Assistance: Objectives and Consequences”, Economic Development and Cultural Change, 23, 751, 10.1086/450838

Owens, 1999, ‘Investing in development or investing in relief: quantifying the poverty tradeoffs using Zimbabwe household panel data’

Papanek, 1972, ‘The effect of aid and other resource transfers on savings and growth in less developed countries’, Economic Journal, 82, 934, 10.2307/2230259

Papanek, 1973, ‘Aid, foreign private investment, savings, and growth in less developed countries’, Journal of Political Economy, 81, 120, 10.1086/260009

Rajan, 2008, ‘Aid and growth: what does the cross‐country evidence really show?’, The Review of Economics and Statistics, 90, 643, 10.1162/rest.90.4.643

Roodman, 2007, ‘The anarchy of numbers: aid, development, and cross‐country empirics’, World Bank Economic Review, 21, 255, 10.1093/wber/lhm004

Roodman, 2008, ‘Through the looking glass, and what OLS found there: on growth, foreign aid, and reverse causality’

Roodman, 2009, ‘A note on the theme of too many instruments’, Oxford Bulletin of Economics and Statistics, 71, 135, 10.1111/j.1468-0084.2008.00542.x

Spolaore, 2005, ‘Borders and growth’, Journal of Economic Growth, 10, 331, 10.1007/s10887-005-4719-6

Stock, 2005, Identification and Inference for Econometric Models: Essays in Honor of Thomas J. Rothenberg, 80, 10.1017/CBO9780511614491.006

Tavares, 2003, ‘Does foreign aid corrupt?’, Economics Letters, 79, 99, 10.1016/S0165-1765(02)00293-8

Temple, 1999, ‘The new growth evidence’, Journal of Economic Literature, 37, 112, 10.1257/jel.37.1.112

Temple, 2010, Handbook of Development Economics, 4415, 10.1016/B978-0-444-52944-2.00005-7

Weisskopf, 1972, ‘The impact of foreign capital inflow on domestic savings in underdeveloped countries’, Journal of International Economics, 2, 25, 10.1016/0022-1996(72)90043-8

Werker, 2009, ‘How is foreign aid spent? Evidence from a natural experiment’, American Economic Journal: Macroeconomics, 1, 225