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.
Bibliographic Details
| Main Authors: |
Coviello, Decio,
Islam, Roumeen |
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| Format: | Policy Research Working Paper
biblioteca
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2006-08
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| 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, |
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| Online Access: | http://documents.worldbank.org/curated/en/2006/08/6978683/aid-help-improve-economic-institutions
http://hdl.handle.net/10986/8364
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