The capacity to spend development funds in the energy sector
Meeting the goal of universal access to modern energy services by 2030 will require dramatically increasing, as well as re-orienting, the current flows of energy investments in developing countries. While the mobilization of such capital is consistently presented as a major challenge, other issues such as the predictability and volatility of financing flows and absorption capacity will also play a crucial role. This paper examines the issues of predictability and absorption of development finance in the context of the U.N. Sustainable Energy for All initiative, by presenting analysis of the critical points that could limit the effectiveness of committed and future funds. In doing so, we also present analysis of the predictability of the financial assistance for the energy sector and how it relates to the funding in other sectors. We observe that the energy sector is characterized by lower than average disbursement rates, with considerable variability between countries, and is well correlated with government effectiveness figures and the disbursements rates of other sectors.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hudson, John & Mosley, Paul, 2008.
"Aid Volatility, Policy and Development,"
Elsevier, vol. 36(10), pages 2082-2102, October.
- John Hudson & Paul Mosley, 2007. "Aid Volatility, Policy and Development," Working Papers 2007015, The University of Sheffield, Department of Economics, revised Oct 2007.
- Knack, Stephen & Rogers, F. Halsey & Eubank, Nicholas, 2011. "Aid Quality and Donor Rankings," World Development, Elsevier, vol. 39(11), pages 1907-1917.
- Knack, Stephen & Rogers, F. Halsey & Eubank, Nicholas, 2010. "Aid quality and donor rankings," Policy Research Working Paper Series 5290, The World Bank.
- Oya Celasun & Jan Walliser, 2008. "Predictability of aid: Do fickle donors undermine aid effectiveness?," Economic Policy, CEPR;CES;MSH, vol. 23, pages 545-594, 07.
- Giorgio Gualberti & Morgan Bazilian & Erik Haites & Maria da Graça Carvalho, 2012. "Development Finance for Universal Energy Access," Working Papers 2012.12, Fondazione Eni Enrico Mattei.
- Bulír, Ales & Hamann, A. Javier, 2008. "Volatility of Development Aid: From the Frying Pan into the Fire?," World Development, Elsevier, vol. 36(10), pages 2048-2066, October.
- A. Javier Hamann & Ales Bulir, 2006. "Volatility of Development Aid; From the Frying Pan into the Fire?," IMF Working Papers 06/65, International Monetary Fund.
- van Ruijven, Bas J. & Schers, Jules & van Vuuren, Detlef P., 2012. "Model-based scenarios for rural electrification in developing countries," Energy, Elsevier, vol. 38(1), pages 386-397.
- Giorgio Gualberti & Luis Filipe Martins & Morgan Bazilian, 2012. "An Econometric Analysis of the Effectiveness of Development Finance for the Energy Sector," Working Papers 2012.100, Fondazione Eni Enrico Mattei.
- Feeny, Simon & de Silva, Ashton, 2012. "Measuring absorptive capacity constraints to foreign aid," Economic Modelling, Elsevier, vol. 29(3), pages 725-733. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:26:y:2013:i:c:p:36-44. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.