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Aid performance and its determinants. A comparison of Italy with the OECD norm

  • Simone Bertoli

    ()

    (Università degli Studi di Firenze, Dipartimento di Scienze Economiche, Firenze (ItaIy))

  • Giovanni Andrea Cornia

    ()

    (Università degli Studi di Firenze, Dipartimento di Scienze Economiche, Firenze (ItaIy))

  • Francesco Manaresi

    ()

    (Università degli Studi di Firenze, Dipartimento di Scienze Economiche, Firenze (ItaIy))

This paper argue that Italy's aid performance is problematic in more than one respect. To start with, the country's aid volume is low in relation to whatever normative or positive benchmark is utilized, and a minimum of € 1.4-2.8 billion is required to reach the aid level warranted by its specifie macroeconomic, structural and institutional conditions. lts performance is weak not only in relation to the average DAC behaviour, but also to that of other less prosperous Southern European countries. In addition, the level of arrears (signaling a weak aid administration), though falling in relation to the past, remains high. This paper also shows that the ltalian aid gap - relative to an unimpressive DAC average behaviour -persists even when accounting for the country's unfavourable conditions (and, in some cases, one wonders whether these are justifiable), regardless of the politieal orientation of the various governments that succeeded themselves at the helm of the country. The achievement of international targets is becoming more and more distant over time - and reaching these objectives, to whieh now the main European partners of Italy are firmly committed, will require a large budgetary effort. lt is time the country respects the international obligations it has underwritten and starts playing also in the field of foreign aid a role consistent with its economie weight, history, geography and collective ethic.

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Article provided by Banca Nazionale del Lavoro in its journal BNL Quarterly Review.

Volume (Year): 60 (2007)
Issue (Month): 242 ()
Pages: 271-321

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Handle: RePEc:psl:bnlaqr:2007:33
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  1. Collier, Paul & Dollar, David, 1999. "Aid allocation and poverty reduction," Policy Research Working Paper Series 2041, The World Bank.
  2. Thierry Tressel & Alessandro Prati, 2006. "Aid Volatility and Dutch Disease; Is there a Role for Macroeconomic Policies?," IMF Working Papers 06/145, International Monetary Fund.
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  6. Alberto Chong & Mark Gradstein, 2006. "Who's Afraid of Foreign Aid? The Donors' Perspective," Research Department Publications 4452, Inter-American Development Bank, Research Department.
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  9. Mosley, Paul, 1985. "The Political Economy of Foreign Aid: A Model of the Market for a Public Good," Economic Development and Cultural Change, University of Chicago Press, vol. 33(2), pages 373-93, January.
  10. Alessandro Missale & Silvia Marchesi, 2004. "What does motivate lending and aid to the HIPCs?," International Finance 0411006, EconWPA.
  11. Anne Boschini & Anders Olofsg�rd, 2007. "Foreign aid: An instrument for fighting communism?," Journal of Development Studies, Taylor & Francis Journals, vol. 43(4), pages 622-648.
  12. Christopher S Adam & Stephen A O'Connell, 2004. "Aid versus Trade Revisited: Donor and Recipient Policies in the Presence of Learning-by-Doing," Economic Journal, Royal Economic Society, vol. 114(492), pages 150-173, 01.
  13. KIMURA Hidemi & TODO Yasuyuki, 2007. "Is Foreign Aid a Vanguard of FDI? A Gravity-Equation Approach," Discussion papers 07007, Research Institute of Economy, Trade and Industry (RIETI).
  14. Cohen, Daniel, 1996. "The sustainability of African debt," Policy Research Working Paper Series 1621, The World Bank.
  15. Round, Jeffery I. & Odedokun, Matthew, 2004. "Aid effort and its determinants," International Review of Economics & Finance, Elsevier, vol. 13(3), pages 293-309.
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