| Description |
1 online resource (53 pages) : illustrations |
| Series |
IMF working paper ; WP/07/277 |
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IMF working paper ; WP/07/277.
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| Contents |
I. Introduction; II. Related Literature; III. Data and methodology; A. Data sources and variables; B. Methodology; IV. Empirical results; A. Descriptive statistics; B. Regression results; The basic aid allocation model; Specific international aid architecture changes; Changes over time among donors; V. Conclusions; References; Tables; 1. List of Variables, Description, and Sources; 2. Descriptive Statistics of Variables Used; 3. Fixed Effects, Random Effects, and Hausman Taylor Estimations; 4. Basic Regression Results; 5. Expanded Regression Results |
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6. Donor Specific Sensitivities With Respect to Country Variables7. Average Sensitivity; Figures; 1. Bilateral Net ODA Transfers (1970-2004; millions of USD at year 2000 constant; 2. Recipient Country Per Capita Bilateral Net ODA Transfers; 3. Evolution of Responsiveness of Aid to Countries' GDP per Capita; 4. Evolution of Responsiveness of Aid to Countries' Population; 5. Evolution of Responsiveness of Aid to Countries' Policy; 6. Evolution of Responsiveness of Aid to Countries' Debt; 7. Evolution of Responsiveness of Aid to Colonial Linkages |
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8a. Time-Varying, Donor-Specific Sensitivities for CPIA8b. Time-Varying, Donor-Specific Sensitivities for GDP per Capita; 8c. Time-Varying, Donor-Specific Sensitivities for (log) Population; 8d. Time-Varying, Donor-Specific Sensitivities for PV Debt; 9. Relationship between KKM Voice and Accountability; Appendix; Additional Regression Results |
| Summary |
We study how 22 donors allocate their bilateral aid among 147 recipient countries over the 1970- 2004 period to investigate whether changes in the international aid architecture?at the international and country level?have led to changes in behavior. We find that after the fall of the Berlin wall, and especially in the late nineties, bilateral aid responds more to economic need and the quality of a recipient country's policy and institutional environment and less to debt, size, and colonial linkages. Importantly, we find that when a country uses a PRSP and passes the HIPC decision point the perverse effect of large bilateral and multilateral debt shares on aid flows is reduced, suggesting less defensive lending. Overall, it appears international aid architecture changes have led to more selectivity in aid allocations. The specific factors causing these changes remain unclear, however. Furthermore, there remain large differences among donors in selectivity that appear to relate to donors' own institutional environments. Together this suggests that further reforms will have to be multifaceted |
| Bibliography |
Includes bibliographical references (pages 30-34) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Economic development -- Econometric models
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Economic assistance -- Econometric models
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Poverty -- Developing countries
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Economic assistance -- Econometric models
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Economic development -- Econometric models
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Poverty
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Developing countries
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| Form |
Electronic book
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| Author |
Cassimon, Danny, author.
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Campenhout, Bjorn van, author.
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International Monetary Fund. Research Department, issuing body.
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| ISBN |
1283518945 |
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9781283518949 |
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