The Long-Run Macroeconomic Effects of Aid and Disaggregated Aid in Ethiopia
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The Long-Run Macroeconomic Effects of Aid and Disaggregated Aid in Ethiopia. / Gebregziabher, Fiseha Haile.
I: Journal of International Development, Bind 26, Nr. 4, 2014, s. 520-540.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - The Long-Run Macroeconomic Effects of Aid and Disaggregated Aid in Ethiopia
AU - Gebregziabher, Fiseha Haile
PY - 2014
Y1 - 2014
N2 - This article investigates the long-run macroeconomic effects of aid and disaggregated aid flows in Ethiopia, currently the world's largest recipient of official development assistance, for the period 1960-2009. The results show that aid affects gross domestic product (GDP), investment and imports positively, whereas it is negatively associated with government consumption. Our results concerning the impacts of disaggregated aid stand in stark contrast to earlier work. Bilateral aid increases investment and GDP and is negatively associated with government consumption, whereas multilateral aid is only positively associated with imports. Grants contribute to GDP, investment and imports, whereas loans affect none of the variables. Finally, there is evidence to suggest that multilateral aid and loans have been disbursed in a procyclical fashion
AB - This article investigates the long-run macroeconomic effects of aid and disaggregated aid flows in Ethiopia, currently the world's largest recipient of official development assistance, for the period 1960-2009. The results show that aid affects gross domestic product (GDP), investment and imports positively, whereas it is negatively associated with government consumption. Our results concerning the impacts of disaggregated aid stand in stark contrast to earlier work. Bilateral aid increases investment and GDP and is negatively associated with government consumption, whereas multilateral aid is only positively associated with imports. Grants contribute to GDP, investment and imports, whereas loans affect none of the variables. Finally, there is evidence to suggest that multilateral aid and loans have been disbursed in a procyclical fashion
KW - Faculty of Social Sciences
KW - aid
KW - disaggregated aid
KW - macrovariables
KW - cointegrated VAR
KW - Ethiopia
U2 - 10.1002/jid.2978
DO - 10.1002/jid.2978
M3 - Journal article
VL - 26
SP - 520
EP - 540
JO - Journal of International Development
JF - Journal of International Development
SN - 0954-1748
IS - 4
ER -
ID: 51100313