Arbeitspapier
The return to foreign aid
We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a correlated random coefficients model, to estimate the average aggregate return on 'aid investments' and 'domestic investments'. Across different estimators and two different sources for GDP and investment data our findings are remarkably robust; the average gross return on 'aid investments' is about 20 per cent. This is in accord with micro estimates of the economic rate of return.
- ISBN
-
978-92-9230-942-8
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Working Paper ; No. 2015/053
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Foreign Aid
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
-
productivity
growth accounting
foreign aid
random coefficients
panel data
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dalgaard, Carl-Johan
Hansen, Henrik
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2015
- DOI
-
doi:10.35188/UNU-WIDER/2015/942-8
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dalgaard, Carl-Johan
- Hansen, Henrik
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2015
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