2 edition of Volatility of development aid found in the catalog.
Volatility of development aid
|Statement||prepared by Aleš Buliř.|
|Series||IMF working paper -- WP/06/65|
|Contributions||Hamann, A. Javier., International Monetary Fund., IMF Institute.|
|The Physical Object|
|Pagination||30 p. :|
|Number of Pages||30|
Research and development projects (1) Topic. Development Aid (1) Dollarization (1) Donor Aid (2) Donor Politics (1) Exchange Rate Volatility (1) Foreign Aid (1) Governance (1) Lilangeni Exchange Rate (1) Monetary Regime Change (1) Multicurrency System (1) Poverty Reduction (1). Upon further analysis, Desai and Kharas find the causes and sources of such volatility—noting that the United States is the most volatile aid-giver.
In the run-up to the global financial crisis, development aid increased markedly, reaching a peak around the Gleneagles summit in (). 1 However, the strains caused by the –09 downturn on public finances in donor countries raised concerns that the supply of aid would gh the immediate impact of the crisis on aid flows was not as deleterious as expected, the risk that Cited by: Foreign aid to Kenya is highly volatile and fragmented. This case study focuses on three issues that influence the effectiveness of aid: aid volatility, aid fragmentation, and aid coordination and harmonization. The paper analyses the efforts currently under way to ease and coordinate international aid in the recipient country.
Contents!!!!!!!!!!!!! Page!Abstract!!!!!!!!!!!i! 1.!! Introduction!!!!!!!!!!!1!! 2.!! The!place!of!emergency!aid!in!the!discourse File Size: KB. Section 5 discusses a range of inefficiencies within and across the aid system and their costs in terms of reduced impact, including the way aid is allocated, its growing complexity, and the volatility and unpredictability of aid flows (Section and ).Cited by: 8.
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Aid and revenue series, ﬁnding fairly similar patterns of relative aid volatility as in this paper. 4 The logs eliminate the scale effect in the series, which would otherwise bias the estimates of F downward (because revenues tend to be larger than aid in most cases).
Volatility of Development Aid: An Update Article (PDF Available) in IMF Staff Papers 54(4) February with 68 Reads How we measure 'reads'. Recent positive research on the impact of foreign development aid has led to increased expectations on the part of donor countries.
Research suggests that per capita income growth over the last decade would have been lower in the absence of aid, and also that public sector expenditure on health and education in developing countries would not have been as great without aid inflows.
This book addresses several gaps in knowledge of aid allocation and effectiveness and provides new analytical insights. Topics covered include the interface between aid allocation and perceptions of aid effectiveness, the year-on-year volatility of aid and evaluation of the country-level impacts of aid.
The results in these countries seem to be mostly driven by relatively unstable revenue rather than relatively stable aid: while the absolute volatility of their revenue series was typically a multiple of the sample median, the absolute volatility of their aid series was comparable to Cited by: aid, the volatility of aid inﬂows, political economy aspects of aid, and the possible adverse effects of increased aid ﬂows on real exchange rates in aid recipients have been under scrutiny recently.5 Similar attention is paid on possible crowding-out effects of new forms of development ﬁnance and debt relief and policy coherence among theCited by: The Determinants of Aid Volatility* Raj M.
Desai** Homi Kharas*** May Abstract Flows of official development assistance (ODA) to recipient countries have been highly volatile over the past 40 years.
There is significant evidence that volatile aid can negatively impact growth through several channels, but. THE DETERMINANTS OF AID VOLATILITY Raj M.
Desai Homi Kharas • We subtract the following from Official Development Assistance (ODA) flows – Emergency, humanitarian, and food relief – Instability and civil war has a weak effect on raising aid volatility (and being aCited by: Aid volatility across development sectors.
UNU-WIDER / Nov A key pledge of the Paris Deceleration of was that aid flows would be made more predictable. This is a key goal as aid shortfalls can cause a government to disproportionately cut their investments, while sudden spikes in aid can lead to a dramatic boost in government.
The volatility of foreign aid flows is another issue discussed in the aid literature. Aid volatility has been demonstrated to have a negative impact on economic growth (Bulir & Hamann ; Hudson & Mosley ; Bulir & Hamann ), investment and government expenditure (Hudson & Mosley ; Hudson & Mosley ).Cited by: 1 Introduction Thee¤ectivenessofforeignaidisoneofthekeyissuesindevelopmenteconomics.
The existingempiricalevidenceonthee¤ectivenessofaidfordevelopmentoutcomessuchas. Books shelved as aid-development: Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo, The White Man's Burden: Why. between International Development Association aid volatility and growth, it isolates International Development Association aid volatility due to the recipient country’s performance from that due to other sources.
The findings suggest that, in the long run, on average, aid volatility is negatively correlated with real economic growth.
There are many books about aid and development, but most of them either assume a good deal of prior knowledge about the subject, or are written to make the case for or against aid. The first part of this volume is intended to put aid and development into their historical and political context, beginning with the post-World War Two settlement, showing how they have been shaped by that context.
Get this from a library. Volatility of development aid: from the frying pan into the fire?. [Aleš Buliř; A Javier Hamann; IMF Institute.] -- The positive impact of foreign aid is limited by the erratic behavior of aid flows.
The introduction in of various initiatives anchored in Poverty Reduction Strategy Papers (PRSPs) which were. Get this from a library. Volatility of Development Aid: From the Frying Pan into the Fire?. [A Javier Hamann; Ales Bulir] -- Annotation The positive impact of foreign aid is limited by the erratic behavior of aid flows.
the introduction in of various initiatives anchored in. The most volatile aid sectors per se include debt, industry, and humanitarian aid. The least volatile aid sectors per se include education and health.
Sector specific aid volatility is often corrected for in the following period. • We examine the impact of aid and aid volatility on school completion and death by: unpredictability and volatility of aid have serious costs, both for specific interventions and at the macroeconomic level.
The literature outlines how predictability is a key File Size: KB. Following on WIDER's work on Development Finance which has involved three projects sincea development conference on 'Aid: Principles, Policies and Performance' was organized in June Aid is one of the most challenging development issues facing the international community.
There is now a pressing need to evaluate performance to date, and the future for aid in light of recent events. How to manage the 'second best solution' to development, foreign aid, is the topic of the UNU-WIDER working paper 'Aid as a Second-Best Solution: Seven Problems of Effectiveness and How to Tackle Them' by Richard Manning in which he sets out seven problems to aid effectiveness today, and how these could be solved.
4. Natural resources, global economic volatility and Africa’s growth prospects George Kararach and Walter Odihambo. 5. Natural resources, volatility, and African development policy: some agenda for action George Kararach and Walter Odihambo. 6. Local Content Policies, Natural Resource Governance and Development in the Global South Jesse Salah.Second, it investigates the relationship by the level of aid absorption and spending.
Third, when examining the relationship between International Development Association aid volatility and growth, it isolates International Development Association aid volatility due to the recipient country's performance from that due to other sources.Issues related to the volatility of aid flows are now becoming crucial in view of their relevance to the achievement of the Millennium Development Goals.
The paper examines aid volatility using data for 66 aid recipients over the period We improve upon earlier work in this important area by disaggregating total aid inflows into.