Aid volatility and poverty traps

Agénor, Pierre‐Richard; Aizenman, Joshua

doi:10.1016/j.jdeveco.2009.03.003

Cited by 54 publications

(15 citation statements)

References 25 publications

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“…Aid becomes both uncertain and volatile. As Agénor and Aizenman (2010) have shown, this uncertainty and volatility leads in itself to inefficient policy choices among recipient countries.…”

Section: Conclusion Caveats and Some Comments On Policymentioning

confidence: 99%

Where is the money? Post-disaster foreign aid flows

Becerra¹,

Cavallo²

2014

Envir. Dev. Econ.

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This paper describes the flows of aid after large catastrophic natural disasters by using the extensive record of bilateral aid flows, by aid sector, available through the OECD's Development Assistance Committee. For each large donor, the extent of cross-sector reallocation is identified that is occurring in the aftermath of large disasters whereby humanitarian aid increases but other types of aid may decrease. The evidence in this paper suggests that the expectation of large surges in post-disaster aid flows is not warranted given the past diversity of experience of global foreign post-disaster aid by donor and by event. No evidence is found, however, that donors reallocate aid between recipient countries (cross-recipient reallocation). These observations suggest that countries which are predicted to face increasing losses from natural disasters in the coming decades (and almost all are) should be devoting significant resources to prevention, insurance and mitigation, rather than expecting significant post-disaster aid inflows.

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Section: Conclusion Caveats and Some Comments On Policymentioning

confidence: 99%

Where is the money? Post-disaster foreign aid flows

Becerra¹,

Cavallo²

2014

Envir. Dev. Econ.

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“…2 For recent contributions to, and discussion of, the literature on poverty traps, see Azariadis (2006), Azariadis and Stachurski (2005), Mayer-Foulkes (2005), Agénor and Aizenman (2010), Bénassy and Brezis (2013)), Wang and Wang (2014), and Agénor (2015). 3 The authors define a growth slowdown based on three conditions: The first requires that prior to by an average of 3.5 percentage points.…”

Section: Introductionmentioning

confidence: 99%

Middle-income growth traps

Agénor

Canuto

2015

Research in Economics

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This paper studies the existence of middle-income growth traps in a twoperiod overlapping generations model of economic growth with two types of labor and endogenous occupational choices. It also distinguishes between "basic" and "advanced" infrastructure, with the latter promoting design activities, and accounts for a knowledge network externality associated with product diversification. Multiple steady-state equilibria may emerge, one of them taking the form of a low-growth trap characterized by low productivity growth and a misallocation of talent-defined as a relatively low share of high-ability workers in design activities. Improved access to advanced infrastructure may help to escape from that trap. The implications of other public policies, including the protection of property rights and labor market reforms, are also discussed. JEL Classification Numbers: H54, O31, O41.

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“…Poverty traps can occur in models with either a single (stagnation) equilibrium or multiple equilibria. See Iwaisako (), Azariadis (), Azariadis and Stachurski (), Kuwahara (, ), Guillaumont (), Agénor and Aizenman (), Bénassy and Brezis ()), Wang and Wang (), Agénor (), and Ghatak () for recent contributions to, and discussion of, the literature on poverty traps.…”

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confidence: 99%

Caught in the Middle? The Economics of Middle‐income Traps

Agénor

2016

Journal of Economic Surveys

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124

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This paper provides an overview of the recent analytical and empirical literature on middle‐income traps. The first part examines the descriptive and statistical evidence on these traps. The second discusses the various arguments that have been put forward to explain the existence, and persistence, of middle‐income traps. These arguments include diminishing returns to physical capital, exhaustion of cheap labor and imitation gains, insufficient quality of human capital, inadequate contract enforcement and intellectual property protection, distorted incentives and misallocation of talent, lack of access to advanced infrastructure, and lack of access to finance, especially in the form of venture capital. The third part considers public policies aimed at avoiding, and escaping from, middle‐income traps. The concluding part identifies a number of directions in which the empirical and theoretical literature could fruitfully evolve.

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Aid volatility and poverty traps

Cited by 54 publications

References 25 publications

Where is the money? Post-disaster foreign aid flows

Where is the money? Post-disaster foreign aid flows

Middle-income growth traps

Caught in the Middle? The Economics of Middle‐income Traps

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