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The effect of aid on growth: evidence from a Quasi-experiment

Galiani, Sebastian ; Knack, Stephen ; Xu, Lixin Colin ; Zou, Ben

Journal of economic growth (Boston, Mass.), 2017-03, Vol.22 (1), p.1-33 [Periódico revisado por pares]

New York: Springer Science + Business Media

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Título:
The effect of aid on growth: evidence from a Quasi-experiment
Autor: Galiani, Sebastian ; Knack, Stephen ; Xu, Lixin Colin ; Zou, Ben
Assuntos: Economic development ; Economic Growth ; Economic models ; Economic statistics ; Economic theory ; Economics ; Economics and Finance ; Experiments ; Foreign aid ; GDP ; Global economy ; GNI ; Gross Domestic Product ; Gross National Income ; Growth models ; Hypotheses ; Income ; International ; International Economics ; Investments ; Low income groups ; Macroeconomics/Monetary Economics//Financial Economics ; Manycountries ; Per capita ; Studies
É parte de: Journal of economic growth (Boston, Mass.), 2017-03, Vol.22 (1), p.1-33
Descrição: 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 Development Association (IDA) has been based partly on whether or not a country is below a certain threshold of per capita income. The paper finds evidence that other donors tend to reinforce rather than compensate for reductions in IDA aid following threshold crossings. Overall, aid as a share of gross national income (GNI) drops about 59% on average after countries cross the threshold. Focusing on the 35 countries that have crossed the income threshold from below between 1987 and 2010, a positive, statistically significant, and economically sizable effect of aid on growth is found. A 1 percentage point increase in the aid to GNI ratio from the sample mean raises annual real per capita growth in gross domestic product by approximately 0.35 percentage points.
Editor: New York: Springer Science + Business Media
Idioma: Inglês

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The effect of aid on growth: evidence from a Quasi-experiment

Galiani, Sebastian ; Knack, Stephen ; Xu, Lixin Colin ; Zou, Ben

New York: Springer Science + Business Media

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