Does Aid Help Improve Economic Institutions?

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dc.contributor.author COVIELLO, Decio
dc.contributor.author ISLAM, Roumeen
dc.date.accessioned 2006-10-04T14:00:39Z
dc.date.available 2006-10-04T14:00:39Z
dc.date.issued 2006
dc.identifier.uri http://hdl.handle.net/1814/6261
dc.description.abstract 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. This paper examines the effect of aid on economic institutions and finds that aid has neither a positive nor a negative impact on existing measures of economic institutions. These results are found 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. We explicitly allow for time invariant effects that are country specific and find our results to be robust to model specifications, estimation methods and different data sets. en
dc.format.extent 24064 bytes
dc.format.mimetype application/msword
dc.language.iso en en
dc.relation.ispartofseries World Bank Policy Research Working Paper en
dc.relation.ispartofseries 2006/3990 en
dc.subject Aid en
dc.subject Economic Institutions en
dc.subject Dynamic Panel en
dc.title Does Aid Help Improve Economic Institutions? en
dc.type Working Paper en
dc.neeo.contributor COVIELLO|Decio|aut|
dc.neeo.contributor ISLAM|Roumeen|aut|
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