Innovation: The new Big Push or the Post-Development alternative?

Krause, Ulrike

doi:10.1057/dev.2013.29

Cited by 42 publications

(34 citation statements)

References 3 publications

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“…While, these results are broadly in accordance with Moyo (2009) and Collier (2007) on weak governance, they neither confirm the Eubank (2012) The results on the negative linkages are also broadly in line with recent development literature (Wamboye et al, 2013;Marglin, 2013;Banuri, 2013;Titumir & Kamal, 2013;Krause, 2013;Ghosh, 2013;Monni & Spaventa, 2013). Indeed, the stance of Amin (2014) on neocolonialism governing aid is in accordance with Ndlovu-Gatsheni (2013) on the entrapment of the continent within the global colonial webs of power or Kindiki (2011) on the imperative for countries on the African continent to strategically overcome dependence on international regimes (Asongu, 2014a).…”

Section: Further Discussion Policy Implications and Caveatssupporting

confidence: 74%

“…According to the author, aid creates dependency, increases poverty and weakens domestic governance. Whereas the motivations of her work have inspired a recent strand of the literature (Banuri, 2013;Marglin, 2013;Wamboye et al, 2013;Asongu, 2012aAsongu, , 2013aAsongu & Jellal, 2013;Ghosh, 2013;Krause, 2013;Asongu, 2014a;Titumir & Kamal, 2013;Monni & Spaventa, 2013), there has also been a lot of criticisms on the foundations of her position. In essence, some of the classic concerns she tackles are clouded with missing links; the nexus between accountability and aid; the way in which she uses aid to substantiate her stances (especially the confusion between correlation and causality in the aid-growth relationship).…”

Section: Introductionmentioning

confidence: 99%

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Foreign Aid and Governance in Africa

Asongu

Nwachukwu

2014

SSRN Journal

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Purpose -This paper investigates the effect of foreign aid on governance in order to extend the debates on foreign aid and to verify common positions from Moyo's 'Dead Aid', Collier's 'Bottom Billion' and Eubank's 'Somaliland'. The empirical evidence is based on updated data from 52 African countries for the period 1996-2010.Design/methodology/approach -An endogeneity robust instrumental variable Two-Stage-Least Squares empirical strategy is employed.Findings -The findings reveal that development assistance deteriorates economic (regulation quality and government effectiveness) and institutional (corruption-control and rule of law) governance, but has an insignificant effect on political (political stability, voice and accountability) governance. While, these findings are broadly in accordance with Moyo (2009) and Collier (2007) on weak governance, they neither confirm the Eubank (2012) position on political governance nor the Asongu (2012) stance on the aid-corruption nexus in his debate with Okada & Samreth (2012).Practical implications -The use of foreign aid as an instrument to influence the election and replacement of political leaders in Africa may have insignificant results. It is time to solve the second tragedy of foreign aid and that economists and policy makers start rethinking the models and theories on which foreign aid is used to influence economic, institutional and political governance in recipient countries.Originality/value -The paper extends the debate on foreign aid and institutions in Africa in the light a plethora of recent studies in the aid literature.JEL Classification: B20; F35; F50; O10; O55

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Section: Further Discussion Policy Implications and Caveatssupporting

confidence: 74%

Section: Introductionmentioning

confidence: 99%

Foreign Aid and Governance in Africa

Asongu

Nwachukwu

2014

SSRN Journal

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“…The above intuition is inconsistent with a recent strand of literature which has raised doubts about the effectiveness of foreign aid (Ghosh, 2013;Krause, 2013;Monni & Spaventa, 2013;Banuri, 2013;Titumir & Kamal, 2013;Wamboye et al, 2013;Marglin, 2013).…”

Section: Introductionmentioning

confidence: 72%

A Brief Clarification to the Questionable Economics of Foreign Aid for Inclusive Human Development

Asongu

2014

SSRN Journal

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The study clarifies the questionable economics of foreign aid for inclusive human development. It investigates the effect of a plethora of foreign aid dynamics on the inequality adjusted human development index. Contemporary and non-contemporary OLS, Fixed-effects and a system GMM technique with forward orthogonal deviations are employed. The empirical evidence is based on a sample of 53 African countries for the period 2005-2012.The following findings are established. First, the impacts of aid dynamics with high degrees of substitution are positive. These include, aid for: social infrastructure, economic infrastructure, the productive sector and the multi-sector. Second, the effect of humanitarian assistance is consistently negative across specifications and models. Third, the effects of programme assistance and action on debts are ambiguous because they become positive with the GMM technique. Justifications for these changes and clarifications with respect to existing literature are provided. Policy implications are discussed in light of Piketty's celebrated literature and the post-2015 development agenda. We also provide some recommendations for a rethinking of theories and models on which development assistance is based.JEL Classification: B20; F35; F50; O10; O55

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“…Whereas there are optimistic views on the outcomes of development assistance when effective policies are designed and adequate transmission channels considered (see Gyimah-Brempong & Racine, 2014;Kargbo & Sen, 2014;Asiedu, 2014), there are also perspectives in the literature that are pessimistic on the role of development assistance in African development (Marglin, 2013;Obeng-Odoom, 2013;Titumir & Kamal, 2013;Monni & Spaventa, 2013;Wamboye et al, 2013;Ghosh, 2013;Krause, 2013;Banuri, 2013).…”

Section: Introductionmentioning

confidence: 99%