The return to foreign aid

Publikation: Working paper › Forskning

Standard

The return to foreign aid. / Dalgaard, Carl-Johan Lars; Hansen, Henrik.

Helsinki, Finland : UNU-WIDER, 2015.

Publikation: Working paper › Forskning

Harvard

Dalgaard, C-JL & Hansen, H 2015 'The return to foreign aid' UNU-WIDER, Helsinki, Finland. <https://www.wider.unu.edu/publications/working-papers/2015/en_GB/wp2015-053/>

APA

Dalgaard, C-J. L., & Hansen, H. (2015). The return to foreign aid. UNU-WIDER. UNU WIDER Working Paper Series Nr. 53 https://www.wider.unu.edu/publications/working-papers/2015/en_GB/wp2015-053/

Vancouver

Dalgaard C-JL, Hansen H. The return to foreign aid. Helsinki, Finland: UNU-WIDER. 2015 jun.

Author

Dalgaard, Carl-Johan Lars ; Hansen, Henrik. / The return to foreign aid. Helsinki, Finland : UNU-WIDER, 2015. (UNU WIDER Working Paper Series; Nr. 53).

Bibtex

@techreport{666994da335848d99de6558857f53546,
title = "The return to foreign aid",
abstract = "We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a correlated random coefficients model, to estimate the average aggregate return on {\textquoteleft}aid investments{\textquoteright} and {\textquoteleft}domestic investments{\textquoteright}. Across different estimators and two different sources for GDP and investment data our findings are remarkably robust; the average gross return on {\textquoteleft}aid investments{\textquoteright} is about 20 per cent. This is in accord with micro estimates of the economic rate of return.",
keywords = "Faculty of Social Sciences, Productivity, growth accounting, foreign aid, random coefficients, panel data, Productivity, growth accounting, foreign aid, random coefficients, panel data",
author = "Dalgaard, {Carl-Johan Lars} and Henrik Hansen",
note = "JEL Classification: C23, F35, O47",
year = "2015",
month = jun,
language = "English",
series = "UNU WIDER Working Paper Series",
number = "53",
publisher = "UNU-WIDER",
type = "WorkingPaper",
institution = "UNU-WIDER",

}

RIS

TY - UNPB

T1 - The return to foreign aid

AU - Dalgaard, Carl-Johan Lars

AU - Hansen, Henrik

N1 - JEL Classification: C23, F35, O47

PY - 2015/6

Y1 - 2015/6

N2 - We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a correlated random coefficients model, to estimate the average aggregate return on ‘aid investments’ and ‘domestic investments’. Across different estimators and two different sources for GDP and investment data our findings are remarkably robust; the average gross return on ‘aid investments’ is about 20 per cent. This is in accord with micro estimates of the economic rate of return.

AB - We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a correlated random coefficients model, to estimate the average aggregate return on ‘aid investments’ and ‘domestic investments’. Across different estimators and two different sources for GDP and investment data our findings are remarkably robust; the average gross return on ‘aid investments’ is about 20 per cent. This is in accord with micro estimates of the economic rate of return.

KW - Faculty of Social Sciences

KW - Productivity

KW - growth accounting

KW - foreign aid

KW - random coefficients

KW - panel data

KW - Productivity

KW - growth accounting

KW - foreign aid

KW - random coefficients

KW - panel data

M3 - Working paper

T3 - UNU WIDER Working Paper Series

BT - The return to foreign aid

PB - UNU-WIDER

CY - Helsinki, Finland

ER -

ID: 138812861