Download or read book Foreign Aid Rent seeking and Economic Growth in Sub Saharan Africa written by Takele Tassew Mojire and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Three studies on foreign aid, rent-seeking, and economic growth in sub-Saharan Africa are presented. The first study examines the possible simultaneity that may exist between a donor's provision of aid and the rentseeking (corruption) activities in the recipient country. Does the amount of aid depend on the lack of corruption in a country? Simultaneously, does the level of corruption depend on the amount of aid and the type of donor? The main goals of this paper are to examine whether such simultaneity exists and whether the impact of aid depends on the type of the donor, either multilateral or bilateral. The second study extends the first model by incorporating an additional equation for GDP per capita. It examines whether simultaneity exists between the three variables: foreign aid, corruption, and GDP per capita and whether the relationship depends upon the source of the foreign aid. Adding GDP per capita as an endogenous variable will provide another key to understanding the lack of long-term effectiveness for foreign aid in sub-Saharan Africa. The third and final study uses a fixed effects model to examine the relationship between foreign aid and the level of corruption in sub-Saharan Africa. Accounting for fixed effects allows me to examine whether unobserved characteristics of recipient countries play a role in explaining the impact of aid on corruption.
Download or read book FOREIGN AID RENT SEEKING AND ECONOMIC GROWTH IN SUB SAHARAN AFRICA written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Three studies on foreign aid, rent-seeking, and economic growth in sub-Saharan Africa are presented. The first study examines the possible simultaneity that may exist between a donors provision of aid and the rentseeking (corruption) activities in the recipient country. Does the amount of aid depend on the lack of corruption in a country? Simultaneously, does the level of corruption depend on the amount of aid and the type of donor? The main goals of this paper are to examine whether such simultaneity exists and whether the impact of aid depends on the type of the donor, either multilateral or bilateral. The second study extends the first model by incorporating an additional equation for GDP per capita. It examines whether simultaneity exists between the three variables: foreign aid, corruption, and GDP per capita and whether the relationship depends upon the source of the foreign aid. Adding GDP per capita as an endogenous variable will provide another key to understanding the lack of long-term effectiveness for foreign aid in sub-Saharan Africa. The third and final study uses a fixed effects model to examine the relationship between foreign aid and the level of corruption in sub-Saharan Africa. Accounting for fixed effects allows me to examine whether unobserved characteristics of recipient countries play a role in explaining the impact of aid on corruption.
Download or read book Resources and Incentives to Reform written by A. Dalmazzo and published by International Monetary Fund. This book was released on 2001-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper models the incentives for a self-interested government to implement "good policies". While good policies lead to investment and growth, they reduce the government's ability to increase supporters' consumption. The model predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the model are broadly supported by evidence on sub-Saharan African countries. In particular, countries that are rich in natural resources tend to have lower institutional quality and worse macroeconomic and trade policies.
Download or read book Foreign Aid and Economic Growth in Sub Saharan Africa written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Rent Curse written by Richard M. Auty and published by Oxford University Press, USA. This book was released on 2019 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book compares models of low-rent and high-rent development to explain the divergent growth of regions and to query the continued prioritization of industrialization over agriculture and export services as the engine of economic prosperity.
Download or read book Foreign Aid and Rent seeking written by Jakob Svensson and published by World Bank Publications. This book was released on 1998 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: February 1998 Why has foreign aid had so seemingly poor a macroeconomic impact in many developing countries? Is there a relationship between concessional assistance, widespread corruption, and other types of rent-seeking? To address the relationship between concessional assistance, corruption, and other types of rent-seeking activities, the author provides a simple game-theoretic rent-seeking model. Insights with interesting implications emerge from the analysis: - An increase in government revenue (from windfalls, for example, or from increased foreign aid) does not necessarily lead to the provision of more public goods and in certain circumstances may reduce it. - The mere expectation of aid may suffice to increase rent-dissipation and reduce productive public spending. But if the donor community can enter into a binding policy commitment, this result may be reversed. The author provides some preliminary empirical evidence in support of the hypothesis that windfalls and foreign aid, in countries suffering from a divided policy process, are on average associated with more extensive corruption. He finds no evidence that donors systematically allocate aid to countries with less corruption. The results accords with recent empirical findings that aid is more effective, the greater the effort to direct it to good performers. But such a regime shift may involve an aid policy that in the short run provides more assistance to countries in less need and less aid to those in most need. Enforcing such a regime shift might be difficult. This paper--a product of the Development Research Group--is part of a larger effort in the group to study the effectiveness of foreign aid.
Download or read book Foreign Aid and Economic Growth in Sub Saharan African Countries written by Santos Bila and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Paths to Property written by Karol Boudreaux and published by . This book was released on 2007 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa has received tens of billions of dollars in foreign aid over the last fifty years, yet economic development has remained elusive. In many countries absolute poverty has increased and life expectancy has declined. Karol Boudreaux and Paul Aligica argue that instead of traditional approaches to development policy, the focus needs to be on adoption of sound political and legal institutions, with clearly defined and enforced private property rights to encourage entrepreneurship and economic growth. The authors examine several case studies of property rights reform in the developing world and suggest that universal policies applied regardless of local culture and tradition tend to fail. Reforms are more likely to succeed when they evolve gradually and are tailored to local norms and values rather than imposed from above by governments, aid agencies and supranational institutions.
Download or read book Eastern and Western Ideas for African Growth written by Kenichi Ohno and published by Routledge. This book was released on 2013-05-29 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The West and the East approach economic development differently. The Europeans and Americans stress free and fair business climate, promoting private activities generally without picking winners, and improving governance. East Asia is interested in achieving concrete results and projects rather than formal correctness, prioritizing a few sectors for industrialization, and eventual graduation from aid. The West mostly shapes shifting strategies of the international donor community while the East has in reality made remarkable progress in industrial catch-up. The two approaches cannot be merged easily but they can be used in proper combination to realize growth and economic transformation. This book proposes more dialogue and complementarity between the two in the development effort of Africa and other regions. In this collected volume, contributed by experts and practitioners from both East and West, the need to introduce Eastern ideas to the global development strategy is emphasized. Analysis of British and other Western donor policies is given while Japanese, Korean, and other Asian approaches are also explained with concrete examples. The concept of governance for growth is presented and the impact of rising China on development studies is contemplated. The practices of industrial policy dialogues and actions assisted by East Asian experts are reported from Tunisia, Zambia, Ethiopia, Rwanda, and others. The book should be applicable to all donors, institutions, NGOs and business enterprises engaged in development cooperation.
Download or read book Good Growth and Governance in Africa written by Akbar Noman and published by Blackstone Press. This book was released on 2012 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reflects the highlights of their deliberations.
Download or read book Contribution of Foreign Aid to Economic Growth of Sub Saharan Africa written by Kewsar Reshid Abdulhay and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Challenges of Economic and Institutional Reforms in Africa written by George Saitoti and published by Ashgate Publishing. This book was released on 2002 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an analysis of strategies for poverty alleviation, sustainable development and peaceful coexistence. Emphasizes the importance of institutions, as well as sound public policies to sustainable economic growth in Africa. Highlights the significance of institutional reforms as part of an effective poverty alleviation programme and identifies key challenges facing Africa such as HIV/AIDS and iproving competitiveness.
Download or read book Aid Institutions and Development written by Ashok Chakravarti and published by Edward Elgar Publishing. This book was released on 2005 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This accessible book is a powerful critique of the effectiveness of development aid. It skilfully combines a wealth of practical experience with a thorough examination of recent academic research. It will certainly challenge the defenders of aid to rethink their position for the twenty-first century. John Toye, Department of Economics, Oxford, UK This is an excellent book; interesting and extremely well written. It offers a masterly survey of existing work in the field and will have a wide appeal amongst policymakers and academic economists with an interest in development. A.P. Thirlwall University of Kent, Canterbury, UK This book makes a significant contribution by examining an important issue, namely, the effects of foreign aid on development. The author provides an insightful critical review of the relevant academic literature, and presents a careful evaluation of recent foreign aid initiatives and approaches. The reader is struck by the author s painstaking and wide-ranging research on the subject, interspersed with thoughtful comments based on his own experiences. Scholars and practitioners working on development will find much that is insightful, informative, provocative and stimulating. Amitava Krishna Dutt, University of Notre Dame, US In spite of massive flows over the past 50 years, aid has failed to have any significant impact on development. Marginalization from the world economy and increases in absolute poverty are causing countries to degenerate into failed, oppressive and, in some cases, dangerous states. To address this malaise, Ashok Chakravarti argues that there should be more recognition of the role economic and political governance can play in achieving positive and sustainable development outcomes. Using the latest empirical findings on aid and growth, this book reveals how good governance can be achieved by radically restructuring the international aid architecture. This can be realised if the governments of donor nations and international financial institutions refocus their aid programs away from the transfer of resources and so-called poverty reduction measures, and instead play a more forceful role in the developing world to achieve the necessary political and institutional reform. Only in this way can aid become an effective instrument of growth and poverty reduction in the 21st century. Aid, Institutions and Development presents a new, thoroughly critical and holistic perspective on this topical and problematic subject. Academics and researchers in development economics, policymakers, NGOs, aid managers and informed readers will all find much to challenge and engage them within this book.
Download or read book Testing Global Interdependence written by Natalia E. Dinello and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: While many countries may embrace globalization at the conceptual level, the specifics of implementation vary greatly from country to country. This book includes diverse narratives which suggest how to limit globalization's negative aspects and ensure constructive engagement in the global community.
Download or read book Institutions and Development in Africa written by John Mukum Mbaku and published by Africa World Press. This book was released on 2004 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant contribution to the debate on poverty alleviation in Africa, Professor Mbaku offers practical policies for economic growth. He argues that the most important contributor to poverty and deprivation in Africa is the absense of institutional structures that enhance indigenous entrepreneurship and wealth creation. He explains that these are so vital that living standards will continue to deteriorate unless these building blocks are put in place.
Download or read book Dead Aid written by Dambisa Moyo and published by Macmillan. This book was released on 2009-03-17 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.
Download or read book Africa s Pulse No 18 October 2018 written by Cesar Calderon and published by World Bank Publications. This book was released on 2018-10-03 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Africa's Pulse is a biannual publication containing an analysis of the near-term macroeconomic outlook for the region. Each issue also includes a section focusing upon a topic that represents a particular development challenge for the continent. It is produced by the Office of the Chief Economist for the Africa Region of the World Bank. Recent data point to a weakening of economic growth in Sub-Saharan Africa in 2018, according to the new Africa's Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank. The growth slowdown can be attributed to the lower than expected performance of the large countries in the region (South Africa and Nigeria). The downswing reflects poorer performance in agriculture following droughts and lower performance of commodity sectors."
