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ID 50482
file
creator
DAYANATH, Gayan Sri
subject
JEL codes - E22
JEL codes - F3
JEL codes - F35
JEL codes - H61
JEL codes - O11
JEL codes - O47
Economic growth
Aid effectiveness
Mediation effect
Residual with regression
indirect effect
Government consumption expenditures
abstract
The purpose of this paper is to find the impact of the coefficient of aggregated and disaggregated aid in Asia, Africa and Latin America due to the causal mechanisms that transmit the effect through mediating variables such as investment, government consumption and import. We employed the fixed effect estimation procedure over the period of 1992-2016 with a sample of 29 countries.
African countries are experiencing a negative total effect of multilateral aid on GDP which mediate via import. In Latin American countries, ODA, which mediates through government consumption, induce a greater positive impact than aid that transmits from investment. In Asian countries, ODA, which mediates through government consumption, induce a less negative impact than aid which transmit from investment. When the amount of ODA mediates through the causal path of import, the positive impact of aid is reduced by around 27 percent in Latin America while the negative impact of aid is reduced by around 55 percent in Asia. In case of aid heterogeneity, bilateral aid induces relatively promising advantage for developing countries. Accordingly, even though we used a different approach and our estimates are therefore not directly comparable to those of Burnside-Dollar (2000), our findings are very consistent with their finding that ‘aid effectiveness is conditional on policy’.
journal title
Journal of International Development and Cooperation
volume
Volume 27
issue
Issue 1-2
start page
65
end page
86
date of issued
2021-03-01
publisher
広島大学大学院国際協力研究科
issn
1341-0903
ncid
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
rights
Copyright © 2021 Graduate School for International Development and Cooperation, Hiroshima University. 本紀要の一部・全部を問わず、著作権者(広島大学大学院国際協力研究科)の文章による許諾なしに複写・翻訳することを禁じます。
department
Graduate School for International Development and Cooperation
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