The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Standard

The Long-Run Impact of Foreign Aid in 36 African Countries : Insights from Multivariate Time Series Analysis. / Juselius, Katarina; Møller, Niels Framroze; Tarp, Finn.

I: Oxford Bulletin of Economics and Statistics, Bind 76, Nr. 2, 2014, s. 153-184.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Juselius, K, Møller, NF & Tarp, F 2014, 'The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis', Oxford Bulletin of Economics and Statistics, bind 76, nr. 2, s. 153-184. https://doi.org/10.1111/obes.12012

APA

Juselius, K., Møller, N. F., & Tarp, F. (2014). The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis. Oxford Bulletin of Economics and Statistics, 76(2), 153-184. https://doi.org/10.1111/obes.12012

Vancouver

Juselius K, Møller NF, Tarp F. The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis. Oxford Bulletin of Economics and Statistics. 2014;76(2):153-184. https://doi.org/10.1111/obes.12012

Author

Juselius, Katarina ; Møller, Niels Framroze ; Tarp, Finn. / The Long-Run Impact of Foreign Aid in 36 African Countries : Insights from Multivariate Time Series Analysis. I: Oxford Bulletin of Economics and Statistics. 2014 ; Bind 76, Nr. 2. s. 153-184.

Bibtex

@article{fa010343812d4c6799b0429c91b2ae99,
title = "The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis",
abstract = "We comprehensively analyse the long-run effect of foreign aid (ODA) on key macroeconomic variables in 36 sub-Saharan African countries from the mid-1960s to 2007, using a well-specified cointegrated VAR model as statistical benchmark. Results provide broad support for a positive long-run impact of ODA flows on the macroeconomy. In contrast, we find little evidence supporting the thesis that aid has been harmful. From a methodological point of view we highlight the importance of transparency in reporting results, especially when the hypothesis being tested differs from theoretical expectations, and we identify reasons for econometrically inadequate results in the literature. ",
author = "Katarina Juselius and M{\o}ller, {Niels Framroze} and Finn Tarp",
note = "JEL Classification: C32;F35;O11",
year = "2014",
doi = "10.1111/obes.12012",
language = "English",
volume = "76",
pages = "153--184",
journal = "Oxford Bulletin of Economics and Statistics",
issn = "0305-9049",
publisher = "Wiley-Blackwell",
number = "2",

}

RIS

TY - JOUR

T1 - The Long-Run Impact of Foreign Aid in 36 African Countries

T2 - Insights from Multivariate Time Series Analysis

AU - Juselius, Katarina

AU - Møller, Niels Framroze

AU - Tarp, Finn

N1 - JEL Classification: C32;F35;O11

PY - 2014

Y1 - 2014

N2 - We comprehensively analyse the long-run effect of foreign aid (ODA) on key macroeconomic variables in 36 sub-Saharan African countries from the mid-1960s to 2007, using a well-specified cointegrated VAR model as statistical benchmark. Results provide broad support for a positive long-run impact of ODA flows on the macroeconomy. In contrast, we find little evidence supporting the thesis that aid has been harmful. From a methodological point of view we highlight the importance of transparency in reporting results, especially when the hypothesis being tested differs from theoretical expectations, and we identify reasons for econometrically inadequate results in the literature.

AB - We comprehensively analyse the long-run effect of foreign aid (ODA) on key macroeconomic variables in 36 sub-Saharan African countries from the mid-1960s to 2007, using a well-specified cointegrated VAR model as statistical benchmark. Results provide broad support for a positive long-run impact of ODA flows on the macroeconomy. In contrast, we find little evidence supporting the thesis that aid has been harmful. From a methodological point of view we highlight the importance of transparency in reporting results, especially when the hypothesis being tested differs from theoretical expectations, and we identify reasons for econometrically inadequate results in the literature.

U2 - 10.1111/obes.12012

DO - 10.1111/obes.12012

M3 - Journal article

VL - 76

SP - 153

EP - 184

JO - Oxford Bulletin of Economics and Statistics

JF - Oxford Bulletin of Economics and Statistics

SN - 0305-9049

IS - 2

ER -

ID: 93343934