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Performance Assessment: How it Depends on Structural Economic Vulnerabilty and Human Capital. Implications for the Allocation of Aid

Author

Listed:
  • Patrick GUILLAUMONT

    (Ferdi)

  • Mark McGILLIVRAY

    (Institut de recherche Alfred Deakin)

  • Laurent WAGNER

    (Ferdi)

Abstract

Developing country performance with respect to economic policies and institutional behaviour is a common criterion for the allocation of aid among recipient countries. This paper questions the manner in which performance is used in this regard, arguing that performance is too narrowly defined. A more appropriate definition is one that controls for the economic vulnerability and human capital of developing countries. Econometric analysis of cross-section and panel data is presented that supports this contention. The paper also contends that performance and exogenous economic shocks are likely to be pro-cyclical. This implied a double punishment when aid is allocated according to performance. Evidence of such punishment is also provided in this paper. The paper concludes by arguing that economic vulnerability and human capital variables should augment performance measures in aid allocation decision making.

Suggested Citation

  • Patrick GUILLAUMONT & Mark McGILLIVRAY & Laurent WAGNER, 2013. "Performance Assessment: How it Depends on Structural Economic Vulnerabilty and Human Capital. Implications for the Allocation of Aid," Working Papers P71, FERDI.
    • Handle: RePEc:fdi:wpaper:488
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    File URL: http://www.ferdi.fr/sites/www.ferdi.fr/files/publication/fichiers/WP71_Guillaumont_Gillivray_Wagner.pdf
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    Cited by:

    1. Guillaumont, Patrick & Guillaumont Jeanneney, Sylviane & Wagner, Laurent, 2017. "How to Take into Account Vulnerability in Aid Allocation Criteria and Lack of Human Capital as Well: Improving the Performance Based Allocation," World Development, Elsevier, vol. 90(C), pages 27-40.
    2. Sosso FEINDOUNO & Michaël GOUJON, 2016. "Human Assets Index retrospective series: 2016 update," Working Papers P179, FERDI.
    3. Laurent WAGNER, 2016. "How do Earmarked Funds Change the Geographical Allocation of Multilateral Assistance?," Working Papers P150, FERDI.
    4. Jean-Louis COMBES & Patrick PLANE & Tidiane KINDA & Rasmané OUEDRAOGO, 2017. "Does It Pour When it Rains? Capital Flows and Economic Growth in Developing Countries," Working Papers P157, FERDI.
    5. Michaël GOUJON & Mathilde CLOSSET & Sosso FEINDOUNO, 2014. "Human Assets Index Retrospective series: 2013 update," Working Papers P110, FERDI.
    6. Sosso Feindouno & Michael Goujon, 2019. "Human Assets Index: Insights from a Retrospective Series Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 959-984, February.
    7. Jacky MATHONNAT & Martine AUDIBERT, 2017. "Fonds fiduciaires et programmes verticaux : quelles contributions aux politiques sectorielles ?," Working Paper 3ac299f5-d41f-4885-b3d6-2, Agence française de développement.

    More about this item

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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