Foreign Aid Allocation, Governance, and Economic Growth
eBook - PDF

Foreign Aid Allocation, Governance, and Economic Growth

  1. 184 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Foreign Aid Allocation, Governance, and Economic Growth

About this book

How important is foreign aid in fostering economic growth in developing countries? Does it help recipient countries, hurt them, or have little effect either way? Foreign Aid Allocation, Governance, and Economic Growth investigates this issue by looking at foreign aid by sector rather than treating it as an aggregate amount. Aid can be allocated to a recipient's production sectors (such as agriculture, manufacturing, or mining), economic infrastructure (such as transport, storage, or communications networks or power generation facilities), or social sectors (such as education or healthcare). This book differentiates among various channels through which each of these three categories of foreign aid affects economic growth.

The findings suggest that economic aid, including aid to production sectors and economic infrastructure, contributes to economic growth by increasing domestic investment. Aid to social sectors, however, does not appear to have a significant impact on human capital (measured by school enrollment) and economic growth. This study also assesses the degree to which the quality of democratic governance in a recipient country influences foreign aid's effectiveness and finds that democracy is no guarantee of aid effectiveness. In fact, economic aid to less democratic countries can lead to better economic growth, at least initially, provided the aid recipients secure property rights and allow capital accumulation. Although further research into the question is necessary, Foreign Aid Allocation, Governance, and Economic Growth suggests that aid targeted to increasing domestic investment might be an effective means of fostering economic growth in less developed countries.

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Yes, you can access Foreign Aid Allocation, Governance, and Economic Growth by Kamiljon T. Akramov in PDF and/or ePUB format, as well as other popular books in Economics & Development Economics. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Table of Contents
  5. List of Figures
  6. List of Tables
  7. Foreword
  8. Acknowledgments
  9. Acronyms and Abbreviations
  10. Chapter 1. Introduction
  11. Chapter 2. Overview of Previous Studies
  12. Chapter 3. Data and Descriptive Analysis
  13. Chapter 4. Aid Allocation
  14. Chapter 5. Aid and Economic Growth
  15. Chapter 6. Conclusion
  16. Appendix A. Development Thinking and Foreign Aid
  17. Appendix B. Lists of Donors and Aid Recipients
  18. Appendix C. Definitions and Sources of Regression Variables
  19. Appendix D. Descriptive Summary Statistics
  20. Appendix E. General Characteristics of Political Rights Scores and Civil Liberties Scores
  21. Appendix F. Governance and Rent Extraction–Efficiency Trade-off in Aid Allocation
  22. Appendix G. Derivation of the Growth Equation Augmented with Human Capital
  23. References
  24. Index
  25. About the Author