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Aid and Debt Relief in Africa: Have They Been Substitutes or Complements?

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  • Powell, Robert
  • Bird, Graham

Abstract

Summary Much attention has been paid to helping economies in sub-Saharan Africa (SSA) to achieve the Millennium Development Goals (MDGs). The conventional instruments for providing assistance have been foreign aid disbursements and debt relief. But have debt relief initiatives complemented or substituted for other aid? Has debt relief been additional? This paper examines the evolving relationship between debt relief and other foreign aid in SSA using recently constructed and improved data. Estimating a model of aid allocation for 42 SSA countries using panel data for 1988-2006, it finds that the relationships between debt, debt relief, aid, and resource transfers have changed over time. This paper interprets how policy changes may have modified the underlying relationship between aid and debt relief.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 38 (2010)
Issue (Month): 3 (March)
Pages: 219-227

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Handle: RePEc:eee:wdevel:v:38:y:2010:i:3:p:219-227

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Web page: http://www.elsevier.com/locate/worlddev

Related research

Keywords: Africa debt relief aid additionality;

References

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  1. Dollar, David & Alesina, Alberto, 2000. "Who Gives Foreign Aid to Whom and Why?," Scholarly Articles 4553020, Harvard University Department of Economics.
  2. Silvia Marchesi & Alessandro Missale, 2004. "What does motivate lending and aid to the HIPCs?," Development Working Papers 189, Centro Studi Luca d\'Agliano, University of Milano.
  3. Nancy Birdsall & Stijn Claessens & Ishac Diwan, 2002. "Policy Selectivity Foregone: Debt and Donor Behavior in Africa," Working Papers 17, Center for Global Development.
  4. Enzo Grilli & Markus Riess, 1992. "EC aid to associated countries: distribution and determinants," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 128(2), pages 202-220, June.
  5. Stijn Claessens & Danny Cassimon, 2007. "Empirical evidence on the new international aid architecture," WEF Working Papers 0026, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
  6. Ndikumana, Leonce, 2002. "Additionality of Debt Relief and Debt Forgiveness, and Implications for Future Volumes of Official Assistance," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  7. Berthelemy, Jean-Claude & Tichit, Ariane, 2004. "Bilateral donors' aid allocation decisions--a three-dimensional panel analysis," International Review of Economics & Finance, Elsevier, vol. 13(3), pages 253-274.
  8. Wall, Howard J., 1995. "The allocation of official development assistance," Journal of Policy Modeling, Elsevier, vol. 17(3), pages 307-314, June.
  9. Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
  10. Graham Bird & Alistair Milne, 2003. "Debt Relief for Low Income Countries: Is it Effective and Efficient?," The World Economy, Wiley Blackwell, vol. 26(1), pages 43-59, January.
  11. Maizels, Alfred & Nissanke, Machiko K., 1984. "Motivations for aid to developing countries," World Development, Elsevier, vol. 12(9), pages 879-900, September.
  12. Trumbull, William N & Wall, Howard J, 1994. "Estimating Aid-Allocation Criteria with Panel Data," Economic Journal, Royal Economic Society, vol. 104(425), pages 876-82, July.
  13. David Roodman, 2005. "An Index of Donor Performance-Revised August 2005," Working Papers 67, Center for Global Development.
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Cited by:
  1. Silvia Marchesi & Alessandro Missale, 2012. "Did high debts distort loans and grants allocation to IDA countries?," Working Papers 226, University of Milano-Bicocca, Department of Economics, revised Aug 2012.
  2. Chiara Del Bo & Massimo Florio & Silvia Vignetti & Emanuela Sirtori, 2011. "Additionality and regional development: are EU Structural Funds complements or substitutes of national Public Finance?," Working Papers 201101, Centre for Industrial Studies (CSIL).

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