The curse of aid

Djankov, Simeon; Montalvo, José García; Reynal‐Querol, Marta

doi:10.1007/s10887-008-9032-8

Cited by 495 publications

(146 citation statements)

References 52 publications

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“…Instead, they suffer from different types of economic and social distortions aggravated by resource revenues, along with additional nuisances for local populations living in resource-rich areas. Similar problems http://www.ecologyandsociety.org/vol18/iss1/art10/ have been observed in the case of other capital flows, including aid (Bräutigam and Knack 2004, Harford and Klein 2005, Djankov et al 2008), workers' remittances (Abdih et al 2012, and tourism revenues (Wilkinson 1992), especially when these are significant relative to the scale of the receiving economy.…”

Section: Introductionmentioning

confidence: 57%

Could Payments for Ecosystem Services Create an "Ecosystem Service Curse"?

Kronenberg¹,

Hubacek²

2013

E&S

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ABSTRACT. Payments for ecosystem services (PES) have received much praise and are increasingly perceived as a promising tool to ensure the protection of global ecosystems as well as being able to help alleviate poverty in areas rich in ecosystem services. Given current trends, the scale of payments is likely to grow, creating new circumstances within which ecosystem services will be managed. In this dynamic context, following a precautionary approach, one should focus on establishing systems to handle the risks involved. Based on an analogy to resources that have long been included in the system of market transactions, we suggest that the rapid development of PES can negatively influence regional and potentially national economies. Resource revenues are highly correlated with economic problems in poor countries that are not able to use those revenues to ensure sound development. Problems similar to those that affect resource-rich countries may emerge in the case of economies rich in ecosystem services once PES increase in spatial and monetary scale. The most prominent examples of such problems include rent seeking, unequal bargaining power of buyers and sellers, volatility of payments, which are all related to the quality of institutions. To ensure the long-term positive impacts of PES, such systems should be carefully designed paying particular attention to distribution of property rights and transparency, decentralization of revenues, and capacity building to ensure further development opportunities.

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Section: Introductionmentioning

confidence: 57%

Could Payments for Ecosystem Services Create an "Ecosystem Service Curse"?

Kronenberg¹,

Hubacek²

2013

E&S

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“…The second type is panel studies that focus on the contemporaneous impact of aid on democracy. These include Goldsmith (2001b), who reports a positive impact from a sample of up to 31 African countries during 1975-1997Dunning (2004), whose results suggest that a positive impact of aid on 48 African countries was mainly confined to the post-Cold War period (after 1986); Djankov et al (2008), who report a negative impact of foreign aid on democracy in a sample of 108 countries in the period 1960 to 1999; and Dutta et al (2013), who report that aid makes autocracies more autocratic and democracies more democratic in a sample of 124 countries between 1960 and 2009. Finally, the third type is panel studies that look at transitions to democracy.…”

Section: Aid and Democracy In The Empirical Literaturementioning

confidence: 99%

“…A central argument of critics of foreign aid in this context is that aid hinders the development of democracy by fostering weak institutions and because it is used to pay out rents (e.g. Bauer, 1976;Svensson, 2000;Djankov et al, 2008). This view sometimes groups foreign aid together with other types of 'economic rent', such as natural resource wealth.…”

Section: Introductionmentioning

confidence: 99%

The (small) blessing of foreign aid: further evidence on aid’s impact on democracy

Altunbaş

Thornton

2014

Applied Economics

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“…En primer lugar, por el impacto que tiene sobre el clima político e institucional del país que la recibe, reduciendo la calidad de la gobernanza; en segundo lugar, por su efecto sobre la competitividad del país receptor, lo que remite al problema de la "enfermedad holandesa" derivada de la recepción de recursos externos. El primer aspecto, la relación negativa con las condiciones de gobernanza del país receptor, había sido ya una de las conclusiones a las que habían arribado Djankov et al, (2008). Para ellos, el efecto de la ayuda es similar -e incluso más poderoso-que el que origina la súbita presencia de un recurso natural valioso, que degrada las condiciones de gobernanza y la calidad de las instituciones del país.…”

Section: Las Estimaciones Realizadas Por Rosenstein-rodan (1961) O MIunclassified

“…Los resultados de este ejercicio apuntan a que la ayuda tiene un efecto claro y robusto de signo positivo sobre la calidad institucional, al contrario de lo que plantean los defensores de las hipótesis de "curse of aid" (Djankov et al, 2008) o de la "aidintitutions paradox" (Moss et al, 2008). A su vez, el efecto de la ayuda sobre los impuestos no es negativo y, bajo supuestos razonables, cabe esperar que sea levemente positivo.…”

Section: Las Estimaciones Realizadas Por Rosenstein-rodan (1961) O MIunclassified

Eficacia Agregada De La Ayuda: Incidencia Sobre El Crecimiento Del Receptor/ Macroeconomic Effectiveness of Aid: Impact on Recipient´s Economic Growth

Alonso

2014

Revista De Evaluación De Programas Y Políticas Públicas

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Revista de Evaluación de Programas y Políticas ResumenEl articulo pasa revista a la literatura especializada en la eficacia agregada de la ayuda. En concreto, considera lo estudios orientados a determinar el efecto agregado que la ayuda internacional tiene sobre el crecimiento económico del receptor. En el análisis se considera tanto el enfoque y los procedimientos estadísticos utilizados por los estudios como los resultados a los que acceden, deteniéndose muy especialmente en los trabajos elaborados en la última década. Finalmente, se presenta una posible justificación del limitado balance que emana de esta literatura y se sugieren algunas de sus más compartidas conclusiones que, si bien limitadas, debieran ser tomadas en cuenta por los gestores de la ayuda.Palabras Clave: Eficacia de la ayuda; impacto macro de la ayuda; crecimiento económico; convergencia económica. Abstract:The article reviews the specialized literature on macroeconomic aid effectiveness.More precisely, it considers those studies focused on measuring the effect that international aid has on the recipient countries´ economic growth. The analysis takes into account the approach and the statistic procedures applied by the most influential studies as well as the main results that they reach. The review pays close attention to those works published in the last decade. Causes of the few conclusive results of this literature are discussed and the article tries to underline those conclusions that raise wider consensus. These conclusions should be taken into account by policy makers.

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The curse of aid

Abstract: Effectiveness of aid, Democracy,

Cited by 495 publications

References 52 publications

Could Payments for Ecosystem Services Create an "Ecosystem Service Curse"?

Could Payments for Ecosystem Services Create an "Ecosystem Service Curse"?

The (small) blessing of foreign aid: further evidence on aid’s impact on democracy

Eficacia Agregada De La Ayuda: Incidencia Sobre El Crecimiento Del Receptor/ Macroeconomic Effectiveness of Aid: Impact on Recipient´s Economic Growth

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