Predictability of foreign aid and economic growth in Ethiopia

References

• A.k, D. (2021). Does foreign aid influence economic growth? Evidence from South Asian countries. Transitional Corporations Reviews, 1–14. https://doi.org/10.1080/19186444.2021.1974257
   Google Scholar
• Adeyemi, A. O., Ojeaga, P., & Ogundipe, O. M. (2014). is aid really dead? Evidence from Sub-Saharan Africa. International Journal of Humanities and Social Science, 4(10). https://ssrn.com/abstract=2523500
   Google Scholar
• Agénor, P. R., & Aizenman, J. (2010). Aid volatility and poverty traps. Journal of Development Economics, 91(1), 1–24. https://doi.org/10.1016/j.jdeveco.2009.03.003
   Web of Science ®Google Scholar
• Agnor, P. R., (2016), “Promises, promises: Aid volatility and economic growth”. Fondation pour les études et recherches sur le développement international. Policy brief No. 148
   Google Scholar
• Aldashev, G., & Verardi, V. (2012). Is aid volatility harmful? University of Namur (FUNDP) and ECARES. Preliminary draft.
   Google Scholar
• Alemayehu, G., Shimelis, A., & Weeks, J. (2002). Growth, poverty and inequality in Ethiopia: Which way for pro-poor growth? Journal of International Development, John Wiley & Sons, Ltd, 21(7), 947–970. https://ideas.repec.org/a/wly/jintdv/v21y2009i7p947-970.html
   Google Scholar
• Alemayehu, G. (2011). Reading on the Ethiopian economy. Addis Ababa University Press.
   Google Scholar
• Alemayehu, G., & Kibrom, T. (2011), “Official development assistance (Aid) and its effectiveness in Ethiopia”. Institute of African Economic Studies Working Paper Serious NO. A07 /2011.
   Google Scholar
• Azam, M., & Feng, Y. (2021). Does foreign aid stimulate economic growth in developing countries? Further evidence in both aggregate and disaggregated samples. Quality & Quantity, 56(2), 533–556. https://doi.org/10.1007/s11135-021-01143-5
   Google Scholar
• Bacarreza-Canavire, G. J., Neumayer, E., & Nunnenkamp, P. (2015). Why aid is unpredictable: An empirical analysis of the gap between actual and planned aid flows. Journal of International Development, 27(4), 440–463. https://doi.org/10.1002/jid.3073
   Web of Science ®Google Scholar
• Balassa, B. (1978). Exports and economic growth-further evidence. Journal of Development Economics, 5(2), 181–189. https://doi.org/10.1016/0304-3878(78)90006-8
   Web of Science ®Google Scholar
• Banerjee, A., Dolado, J., & Mestre, R. (1998). Error-correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis, 19(3), 267–283. https://doi.org/10.1111/1467-9892.00091
   Google Scholar
• Bathalomew, D. (2011). An econometric estimation of the aggregate import demand function for Sierra Leone. Journal of Monetary and Economic Integration, 10(1).
   Google Scholar
• Belloumi, M. (2012). The relationship between Trade, FDI and economic growth in Tunisia: An application of ARDL model. Faculty of Economics and Management of Sousse, University of Sousse.
   Google Scholar
• Bhattarai, B. P. (2005). Foreign aid and growth in Nepal. The Journal of Developing Areas, 42(2),283–302. spring 2009. https://doi.org/10.1353/jda.0.0026
   Google Scholar
• Bhavan, T., Changueng, X., & Chunping, Z. (2010 October). Growth effect of aid and its volatility: An individual country study in South Asia countries. Business and Economic Horizons. 3(3), 1–9. ( 1804-1205 https://doi.org/10.15208/beh.2010.23
   Google Scholar
• Borensztein, E., Gregorio, D. J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135. https://doi.org/10.1016/S0022-1996(97)00033-0
   Web of Science ®Google Scholar
• Brown, R. L., Durbin, J., & Evans, J. (1975). Techniques for Testing the Constancy of Regression Relationships over Time. Journal of the Royal Statistical Society Series B (Methodological), 37(2), 149–192.
   Web of Science ®Google Scholar
• Bulír, A., & Hamann, A. J. (2008). Volatility of development aid: From the frying pan into the fire? World Development, 36(10), 2048–2066. https://doi.org/10.1016/j.worlddev.2007.02.019
   Web of Science ®Google Scholar
• Burnside, C., & Dollar, D. (1997). Aid spurs growth – In a sound policy environment. Finance & Development, 34(4), 4–7.
   Google Scholar
• Burnside, C., & Dollar, D. (2000). Aid, Policies, and Growth. American Economic Review, 90(4), 847–868. https://doi.org/10.1257/aer.90.4.847
   Web of Science ®Google Scholar
• Celasun, O., & Walliser, J. (2008). Predictability of Aid: Do fickle donors undermine the predictability of aid? Economic Policy, 23(55), 545–586. https://doi.org/10.1111/j.1468-0327.2008.00206.x
   Google Scholar
• Chauvet, L., & Guillaumont, P. (2004), Aid and growth revisited: policy, economic vulnerability and political instability. In Annual world bank conference on developmentEconomics, Europe, 2003: Toward pro-poor policies – Aid, institutions and globalization,edited by N. Stern, B. Tungodden, & I. Kolstad, 95–110.
   Google Scholar
• Chauvet, L., & Guillaumont, P. (2008), Aid, volatility and growth revisited: policy, economic vulnerability and political instability”. Toward Pro-Poor Policies Aid, Institutions, and Globalization, 95–109.
   Google Scholar
• Chervin, M., & Wijnbergen, S. V. (2009), “Economic growth and volatility of foreign aid”. Tinbergen Institute Discussion paper. TI 2010-002/2.
   Google Scholar
• Clemens, M. A., Radelet, S., Bhavnani, R. R., & Bazzi, S. (2012). Counting chickens when they hatch: Timing and the effects of aid on growth. Economic Journal, 122(561), 590–617. https://doi.org/10.1111/j.1468-0297.2011.02482.x
   Web of Science ®Google Scholar
• De Boef, S., & Granato, J. (2000). Testing for cointegrating relationships with near-integrated data. Political Analysis, 8(1), 99–117. https://doi.org/10.1093/oxfordjournals.pan.a029807
   Google Scholar
• Desai, R. M., & and, H. K. (2011). The Determinants of Aid Volatility. Annual International Studies Association meeting.
   Google Scholar
• Djankov, S., Montalvo, J. G., & Reynal-Querol, M. (2006). Does foreign aid help? Cato Journal, 26(1), 1–28.
   Google Scholar
• Dreher, A., & Langlotz, S. (2017), “Aid and growth: New evidence using an excludable instrument”. Center for Economic Studies & Ifo Institute Working Paper No. 5515
   Google Scholar
• Durbarry, R., Gemmell, N., & Greenaway, D. (1998). New evidence on the impact of foreign aid on economic growth. CREDIT Research Paper 98/8, University of Nottingham.
   Google Scholar
• Easterly, W. R., & Rebelo, S. T. (1993). Fiscal policy and economic growth: An empirical investigation. Journal of Monetary Economics, 32(3), 417–458. https://doi.org/10.1016/0304-3932(93)90025-B
   Web of Science ®Google Scholar
• Ejigu, F. S. (2015). The impact of foreign aid on economic growth of Ethiopia (through transmission channels). International Journal of Business and Economics Research, 4(3), 121–132. https://doi.org/10.11648/j.ijber.20150403.15
   Google Scholar
• Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12(1/2), 59–73.
   PubMed Web of Science ®Google Scholar
• Feeny, S. (2005, August). Impact of foreign aid on economic growth in Papua New Guinea. The Journal of Development Studies, 41(6), 1092–1117. https://doi.org/10.1080/00220380500155403
   Web of Science ®Google Scholar
• Galiani, S., Knack, S., Xu, L. C., & Zou, B. (2016), “The effect of aid on growth: Evidence from a quasi-experiment”. National Bureau of Economic Research (NBER) Working Paper No. 22164. Cambridge.
   Google Scholar
• Girma, H. (2015). The impact of foreign aid on economic growth: Empirical evidence from Ethiopia (1974-2011) using ARDL approach. J. Res. Econ. Int. Finance, 4(1), 1–12. https://doi.org/10.14303/jrief.2014.044
   Google Scholar
• Gomanee, K., Girma, S., & Morrissey, O. (2005). Aid and growth in Sub-Saharan Africa: Accounting for transmission mechanisms. Journal of International Development, 17(8), 1055–1075. https://doi.org/10.1002/jid.1259
   Google Scholar
• Gong, L., & Zou, H. F. (2001). Foreign aid reduces labor supply and capital accumulation. Review of Development Economics, 5(1), 105–118. https://doi.org/10.1111/1467-9361.00110
   Google Scholar
• Griffin, K. (1970, May). Foreign capital, domestic savings and economic development. Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, 32(2), 99–112.
   Web of Science ®Google Scholar
• Griffin, K. B., & Enos, J. L. (1970). Foreign assistance: Objectives and consequences. Economic Development and Cultural Change, 18(3), 313–327. https://doi.org/10.1086/450435
   Web of Science ®Google Scholar
• Holvoet, N., & Inberg, L. (2009). Paris Declaration and Accra Agenda for Action through a gender lens: An international perspective and the case of the Dutch Development Cooperation. In DPRN, CIDIN, HIVOS, Oxfam Novib, Ministerie Buitenlandse Zaken Nederland. Papers Expert Meeting ‘On track with Gender’(May 29th 2009). DPRN, CIDIN, HIVOS, OXFAM Novib, Ministerie van Buitenlandse Zaken (pp. 1–25).
   Google Scholar
• Hudson, J., & Mosley, P. (2008). Aid volatility, policy and development. World Development, 36(10), 2082–2102. https://doi.org/10.1016/j.worlddev.2007.02.018
   Web of Science ®Google Scholar
• Hudson, J. (2015). Consequences of aid volatility for macroeconomic management and aid effectiveness. World Development, 69, 62–74. https://doi.org/10.1016/j.worlddev.2013.12.010
   Web of Science ®Google Scholar
• Ihendinihu, U. J., Jones, E., & Ibanichuka, A. E. (2014). Assessment of the long-run equilibrium relationship between tax revenue and economic growth in Nigeria: 1986 to 2012. The SIJ Transactions on Industrial, Financial & Business Management (IFBM), 2(2), 39–47.
   Google Scholar
• IMF and World Bank, (2001). “Macro-economic policy and poverty reduction; world development report”. https://www.imf.org/external/pubs/ft/exrp/macropol/eng/.
   Google Scholar
• Inder, B. (1993). Estimating long-run relationships in economics: A comparison of different approaches. Journal of Econometrics, 57(1–3), 53–68. https://doi.org/10.1016/0304-4076(93)90058-D
   Web of Science ®Google Scholar
• Johansen, S., & Juselius, K. (1990). maximum likelihood estimation and inference on cointegration - with applications to the demand for money. Oxford Bulletin of Economics and Statistics, 52(2), 169–2 10. https://doi.org/10.1111/j.1468-0084.1990.mp52002003.x
   Web of Science ®Google Scholar
• Johansen, S. (1991). Estimation and hypothesis testing of cointegrating vectors in gaussian vector autoregressive models. Econometrica, 59(6), 1551–1580. https://doi.org/10.2307/2938278
   Web of Science ®Google Scholar
• Juselius, K., Møller, N. F., & Tarp, F. (2014). The long-run impact of foreign aid in 36 African countries: Insights from multivariate time series analysis. Oxford Bulletin of Economics and Statistics, 76(2), 154–184. https://doi.org/10.1111/obes.12012
   Web of Science ®Google Scholar
• Kangoye, T. (2011). Does aid unpredictability weaken governance? New evidence from developing countries. In Working Paper Series No. 137. African Development Bank.
   Google Scholar
• Kargbo, P. M. (2012), Impact of foreign aid on economic growth in Sierra Leone. UNU-WIDER, Working Paper No. 2012/07.
   Google Scholar
• Kathavate, J., & Mallik, G. (2012). The impact of the interaction between institutional quality and aid volatility on growth: theory and evidence. Economic Modelling, 29(3), 716–724. https://doi.org/10.1016/j.econmod.2012.01.020
   Web of Science ®Google Scholar
• Kirikkaleli, D., Adeshola, I., & Adebayo, T. S. E. A. (2021). Do foreign aid triggers economic growth in Chad? A time series analysis. Futur Bus J7, 7(1). https://doi.org/10.1186/s43093-021-00063-y
   Google Scholar
• Kodama, M. (2012). Aid unpredictability and economic growth. World Development, 40(2), 266–272. https://doi.org/10.1016/j.worlddev.2011.07.015
   Web of Science ®Google Scholar
• Laurenceson, J., & Chai, J. C. H. (2003). Financial reform and economic development in China. Edward Elgar.
   Google Scholar
• Lensink, R., & Morrissey, O. (2000). Aid instability as a measure of uncertainty and the positive impact of aid on growth. Journal of Development Studies, 36(3), 31–49. https://doi.org/10.1080/00220380008422627
   Web of Science ®Google Scholar
• Liew, V., & Khimsen, A. (2004). Which lag length selection criteria should we employ. Economic Bulletin, 3, 331–9.
   Google Scholar
• Liew, C., Masoud, R. M., & Said, S. M. (2012). The impact of foreign aid on economic growth of east African countries. Journal of Economics and Sustainable Development, 3(12), 129–138.
   Google Scholar
• Lloyd, T., Morrissey, O., & Osei, R. (2001), Aid, exports and growth in Ghana. Centre for Research in Economic Development and International Trade, University of Nottingham, No. 01/01.
   Google Scholar
• Ltd, M. (2011), Aid predictability: Synthesis of findings and good practices, Prepared for the DAC Working Party on Aid Effectiveness –Task Team on Transparency and Predictability Volume I. http://www.oecd.org/development/effectiveness/49066202.pdf.
   Google Scholar
• M’Amanja, D., & Morrissey, O. (2005). Foreign aid, investment, and economic growth in Kenya: A time series approach. Credit Research Paper, Centre for Research in Economic Development and International Trade, University of Nottingham.
   Google Scholar
• Mankiw, G. N. (2002). Principal of economics. Thomson, 2004), P, 53
   Google Scholar
• Mansoor, S., Muhammad, J., & Mirza, A. B. (2018). Aid volatility and economic growth of Pakistan: A macroeconomic policy framework. Pakistan Business Review (PBR),20(1).
   Google Scholar
• Markandya, A., Ponczek, V., & Soonhwa, Y. (2010), What are the Links between Aid volatility and growth? The World Bank IDA Resource Mobilization Department: Policy Research Working Paper No. 5201.
   Google Scholar
• Medee, P. N., & Nenbee, S. G. (2011). Econometric analysis of the impact of fiscal policy variables on Nigeria‟s economic growth (1970-2009). International Journal of Economic Development, Research and Investment, 2(1), 171–183.
   Google Scholar
• Mitra, R. Feb 2013 (2220-6140. (2013). Foreign aid and economic growth in Cambodia. Journal of Economics and Behavioral Studies, 5(2), 117–121.
   Google Scholar
• Mitra, R., & Hossain, S. (2013). Foreign aid and economic growth in the Philippines. Economics Bulletin, AccessEcon, 33(3), 1706–1714.
   Google Scholar
• Museru, M., Torien, F., & Gossel, S. (2014). The impact of aid and public investment volatility on economic growth in Sub-Saharan Africa. World Development, 57, 138–147. https://doi.org/10.1016/j.worlddev.2013.12.001
   Web of Science ®Google Scholar
• Narayan, P. K. (2004),Reformulating the critical values for the bounds R statistics approach to cointegration: An application to the tourism demand model for Fiji. Discussion Papers, Department of Economics, Monash University, Australia.
   Google Scholar
• Neanidis, C., & Varvarigos, D. (2009). The allocation of volatile aid and economic growth: Theory and evidence. European Journal of Political Economy, 25(4), 447–462. https://doi.org/10.1016/j.ejpoleco.2009.05.001
   Web of Science ®Google Scholar
• Ogbonna, G. N., & Appah, E. (2012). Impact of tax reforms and economic growth of Nigeria: A time series analysis. Current Research Journal of Social Sciences, 4(1), 62–68.
   Google Scholar
• Ogundipe, A., Ojeage, P., & Ogundipe, O. M. (2014). Is aid really dead? Evidence from Sub-Saharan Africa. International Journal of Humanities and Social Science, 4(10).
   Google Scholar
• Ojambo, E. V. (2009), “Effects of Foreign aid Predictability on Investment and Economic Growth in Kenya.” A Thesis submitted to the school of Economics in fulfillment for the award of Doctor of philosophy in Economics of Kenyatta University.
   Google Scholar
• Ojiambo, E. O., Jacob, M. T., & Wawire, N. (2015), “Aid unpredictability and economic growth in Kenya”. Working Paper Series N° 226 African Development Bank, Abidjan, Côte d’Ivoire.
   Google Scholar
• Pesaran, H. M., & Pesaran, B. (1997). Microfit 4.0. Oxford University Press.
   Google Scholar
• Pesaran, H. M., Shin, Y., & Smith, J. R. (1999), “Bounds testing approaches to the analysis of long run relationships”. Edinburgh School of Economics. Discussion Paper Series. Number 46.
   Google Scholar
• Pesaran, M. H., & Shin, Y. (1999). An autoregressive distributed lag modelling approach to cointegration analysis, chapter 11. In S. Storm (Ed.), Econometrics and economic theory in the 20th century: The Ragnar Frisch centennial symposium. Cambridge University Press.
   Google Scholar
• Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
   Web of Science ®Google Scholar
• Pesaran, H. M., & Pesaran, B. (2009). Time series econometrics using microfit 5.0. Oxford University Press.
   Google Scholar
• Raheem, I. D., & Ogebe, J. O. 2014 December. External financial flows, policies and growth in Sub Saharan Africa. Journal of Global andScientific Issues, 2(4), 21-32(.
   Google Scholar
• Rajan, R., & Subramanian, A. (2005). What undermines aid’s impact on growth? Mimeo, IMF.
   Google Scholar
• Refaei, R., & Sameti, M. (2015). Official development assistance and economic growth in Iran. International Journal of Management, Accounting and Economics, 2(2), 125–135.
   Google Scholar
• Solow, R. M., & Swan, T. W. (1956). Economic growth and capital accumulation. Economic Record, 32(2), 334–361. https://doi.org/10.1111/j.1475-4932.1956.tb00434.x
   Google Scholar
• Srithongrung, A., & Juárez, S. I. (2015). Fiscal policies and subnational economic growth in Mexico. International Journal of Economics and Financial Issues, 5 (1), 11–22. 2146-4138 www.econjournals.com
   Google Scholar
• Tadesse, T., Bricogne, C., Arce, F., Kochan, G., & Karwacz, K. (2011). Foreign aid and Economic Growth. The Journal of Bioscience and Medicine, 1(2), 2011. The Economic Research Guardian.
   PubMedGoogle Scholar
• Tosum, E., Kirikkalelil, D., & Safakli, O. V. (2020). An isolated Island economy analysis on the effectiveness of foreign aid. TRNC. SAGE Open, 10(2), 2158244020924376.https://doi.org/10.1177/2158244020924376
   Google Scholar
• Trinh, T. (2014), “Foreign Aid and Economic Growth: The impact of aid on determinants of growth-The case Vietnam”, A Master’s Thesis in Economics Submitted to the Department of Economics Aalton University School of Business.
   Google Scholar
• Tsadkan, A. (2013), “The nexus between public spending and economic growth in Ethiopia:Empirical investigation”, unpublished Master thesis, Addis Ababa University
   Google Scholar
• UNDP. (2014). Ethiopia country economic brief, analysis issue no. 1/Feb.2014.
   Google Scholar
• Wood, B., Betts, J., Etta, F., Gayfer, J., Kabell, D., Ngwira, N., & Samaranayake, M. (2011). The Evaluation of the Paris Declaration: Phase 2. Copenhagen: Danish Institute for International Studies.
   Google Scholar
• World Bank. (2015). Ethiopian Macroeconomic Report.
   Google Scholar
• World Bank. (2019). Ending Hunger, Investing in Opportunity. World Bank Annual Report. Washington DC, USA.
   Google Scholar