Arbeitspapier

How volatile and unpredictable are aid flows, and what are the policy implications?

This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues—particularly in highly aid-dependent countries—and mildly procyclical in relation to activity in the recipient country. These findings imply that the current pattern of aid disbursements is welfare-reducing. We also find that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Policies to cope with these features of aid, as well as broader international efforts to reduce the volatility and procyclicality of aid, are briefly discussed.

ISBN
9291901113
Sprache
Englisch

Erschienen in
Series: WIDER Discussion Paper ; No. 2001/143

Klassifikation
Wirtschaft
Foreign Aid
International Linkages to Development; Role of International Organizations
Thema
external aid
volatility
predictability
IMF-supported programs
Entwicklungshilfe
Anpassungsprogramm des IWF

Ereignis
Geistige Schöpfung
(wer)
Bulír, Aleés
Hamann, A. Javier
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2001

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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bulír, Aleés
  • Hamann, A. Javier
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2001

Ähnliche Objekte (12)