Advanced search
Publication Cover
Applied Economics Letters Volume 27, 2020 - Issue 14
Submit an article Journal homepage
345
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Aid fungibility and government spending in Africa: evidence from instrumental variable panel quantile regression

Wisdom Kwabla Dewortora School of Economics, Henan University, Kaifeng, China
&
Chin Man Chuib School of Business, Macau University of Science and Technology, Macau, ChinaCorrespondence[email protected]
Pages 1188-1193 | Published online: 14 Oct 2019

References

  • Arellano, M., and S. R. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” Review of Economic Studies 58: 277–297. doi:10.2307/2297968.
  • Binder, M., and A. Coad. 2011. “From Average Joe’s Happiness to Miserable Jane and Cheerful John: Using Quantile Regressions to Analyse the Full Subjective Well-being Distribution.” Journal of Economic Behaviour & Organization 79: 275–290. doi:10.1016/j.jebo.2011.02.005.
  • Chatterjee, S., P. Giuliano, and I. Kaya. 2012. “Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending.” The B.E. Journal of Macroeconomics 12: 1–34. doi:10.1515/1935-1690.2458.
  • Chernozhukov, V., and C. Hansen. 2005. “An IV Model of Quantile Treatment Effects.” Econometrica 73: 245–261. doi:10.1111/ecta.2005.73.issue-1.
  • Chernozhukov, V., and C. Hansen. 2006. “Instrumental Quantile Regression Inference for Structural and Treatment Effect Models.” Journal of Econometrics 132: 491–525. doi:10.1016/j.jeconom.2005.02.009.
  • Devarajan, S., A. S. Rajkumar, and V. Swaroop. 2007. “What Does Aid to Africa Finance?” In Theory and Practice of Foreign Aid, edited by S. Lahiri, 333–355, Bingley:Emerald Group Publishing Limited.
  • Feyzioglu, T., V. Swaroop, and M. Zhu. 1998. “A Panel Data Analysis of the Fungibility of Foreign Aid.” World Bank Economic Review 12: 29–58. doi:10.1093/wber/12.1.29.
  • Galvao, A. F. 2011. “Quantile Regression for Dynamic Panel Data with Fixed Effects.” Journal of Econometrics 164: 142–157. doi:10.1016/j.jeconom.2011.02.016.
  • Gupta, S., B. J. Clements, A. Pivovarsky, and E. Tiongson. 2004. “Foreign Aid and Revenue Response: Does the Composition of Aid Matter?” In Helping Countries Develop: The Role of Fiscal Policy, edited by B. J. Clements, S. Gupta, and G. Inchauste. p. 385-406. Washington, DC: International Monetary Fund.
  • Holmqvist, G. 2000. “Fungibility Parameters – A Comment on Their Reliability and Policy Implications from an Aid Practitioner.” Paper presented at the SIDA conference on Aid and Development. January 20–21, Stockholm.
  • Huo, L., T. H. Kim, and Y. Kim. 2015. “Revisiting Growth Empirics Based on IV Panel Quantile Regression.” Applied Economics 47: 3859–3873. doi:10.1080/00036846.2015.1019038.
  • Marć, Ł. 2017. “The Impact of Aid on Total Government Expenditures: New Evidence on Fungibility.” Review of Development Economics 21: 627–663. doi:10.1111/rode.2017.21.issue-3.
  • McGillivray, M., and O. Morrissey. 2004. “Fiscal Effects of Aid.” In Fiscal Policy for Development, edited by T. Addison and A. Roe. Basingstoke, Hants: UNU-WIDER/Palgrave. p. 72-96.
  • McGillivray, M., and O. Morrissey. 2000. “Aid Fungibility in Assessing Aid: Red Herring or True Concern?” Journal of International Development 12: 413–428. doi:10.1002/(ISSN)1099-1328.
  • Pack, H., and J. R. Pack. 1990. “Is Foreign Aid Fungible? the Case of Indonesia.” Economic Journal 399: 188–194. doi:10.2307/2233602.
  • Rajan, R. G., and A. Subramanian. 2008. “Aid and Growth: What Does the Cross-country Evidence Really Show?” The Review of Economics and Statistics 90: 643–665. doi:10.1162/rest.90.4.643.
  • Remmer, K. 2004. “Does Foreign Aid Promote the Expansion of Government.” American Journal of Political Science 48: 77–92. doi:10.1111/j.0092-5853.2004.00057.x.
  • Rodrik, D. 1998. “Why Do More Open Economies Have Bigger Governments?” The Journal of Political Economy 106: 997–1032. doi:10.1086/250038.
  • Van de Sijpe, N. 2013. “Is Foreign Aid Fungible? Evidence from The Education and Health Sectors.” The World Bank Economic Review 27: 320-356. doi:10.1093/wber/lhs023.
  • World Bank. 1998. Assessing Aid: What Works, What Doesn’t and Why. New York: Oxford University Press.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.