The Impact of Foreign Aid on Economic Growth in Papua New Guinea

Feeny, Simon

doi:10.1080/00220380500155403

Cited by 118 publications

(80 citation statements)

References 21 publications

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“…The final important area where additional research is required is on the use of time series data. Authors of primary studies have mainly focused on panel studies (except Feeny [24]). While panel studies help in getting more robust and econometrically efficient results, country specific studies will help in exploring country specific effects of various measures of governance on growth.…”

Section: Discussionmentioning

confidence: 99%

Economic Governance and Economic Growth in South and East Asia & Pacific Region: Evidence from Systematic Literature Reviews and Meta-analysis

Yerrabati¹,

Hawkes²

2015

aeb

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With economists and policy makers recognising the role of governance for growth, recent research focus is on governance and its impact on growth. However, with ever growing number of studies using different methodologies, data sources and country groupings, a high amount of heterogeneity is created among reported results. This has left both policy makers and researchers having different views on the importance of governance for growth. This paper has meta-synthesised the empirical evidence on governance and growth in South and East Asia Pacific countries based on 29 studies with 554 estimates from 1980 -2012. The empirical results show that while corruption is significantly and negatively correlated with growth, government effectiveness and regulation are positively and significantly correlated. Political stability and law have no important effect on economic growth. We conclude that empirical research literature on governance and growth has failed to provide evidence of a true effect of voice and accountability on growth. Finally, overall governance is important for growth. Our results have important policy implications.

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Section: Discussionmentioning

confidence: 99%

Economic Governance and Economic Growth in South and East Asia & Pacific Region: Evidence from Systematic Literature Reviews and Meta-analysis

Yerrabati¹,

Hawkes²

2015

aeb

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“…Collier & Dollar(2001) The positive effect of aid on poverty depends on its impact on per-capita income growth; and impact of per-capita income growth on poverty reduction. Feeny (2003) The sectoral allocation of foreign aid to Papua New Guinea has been broadly in line with a strategy to effectively reduce poverty and increase human well-being. Gomanee et al(2003) Aid has either a direct effect on welfare and indirect effect through public spending on social services.…”

Section: Conflicts In the Literaturementioning

confidence: 99%

The Political Economy of Development Assistance: Peril to Government Quality Dynamics in Africa

Asongu

2012

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractThis paper assesses the effectiveness of foreign aid in improving government institutions in 52 African countries using updated data (1996)(1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010). Findings suggest development assistance deteriorates government quality dynamics of corruption-control, political-stability, rule of law, regulation quality, voice and accountability and government effectiveness. It is therefore a momentous epoque to solve the second tragedy of foreign aid; high time economists and policy makers start rethinking the models and theories on which foreign aid is based. In the meantime, it is up to people who really care about the poor to hold aid agencies accountable for results.JEL Classification: B20; F35; F50; O10; O55

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“…But there is more evidence to suggest that aid works in countries irrespective of the policy regime (Amavilah 1998;Durbarry, Gemmell, and Greenaway 1998;Tarp 2000, 2001;Lensink and Morrissey 2000;Lensink and White 2001;Dalgaard and Hansen 2001;Guillaumont and Chauvet 2001;Hudson and Mosley 2001;Lloyd, Morrissey, and Osei 2001;Lu and Ram 2001;Chauvet and Guillaumont 2002;Dalgaard, Hansen, and Tarp 2004;Gounder 2001Gounder , 2002Mavrotas 2002a;Morrissey 2002, 2003;Ram 2003Ram , 2004Economides, Kalyvitis, and Philippopoulos 2004;Feeny 2005;Ouattara and Strobl 2004). 3 Irrespective of whether policy is important for aid effectiveness, it must be emphasized that both groups of studies agree that aid works, in one way or another.…”

Section: Aid Effectiveness: a Brief Surveymentioning

confidence: 99%

“…Others provide results that are country-specific. Gounder (2001Gounder ( , 2002 and Feeny (2005) look at the cases of Fiji, Solomon Islands, and Papua New Guinea, respectively. Each of these studies concludes that growth in the countries under consideration would have been lower in the absence of aid.…”

Section: Aid Effectiveness: a Brief Surveymentioning

confidence: 99%

Development assistance and development finance: evidence and global policy agendas

Addison

Mavrotas

McGillivray

2005

J of Intl Development

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Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new narrative. In the light of this narrative, the paper then examines aid trends, focusing on the regions of sub-Saharan Africa and the Pacific. The paper then turns to recent discussion of new and innovative sources of development finance and considers how research has influenced the policy debate through a recent UNU-WIDER study for the UN General Assembly. The paper concludes that aid broadly works, that poverty would be higher in the absence of aid, and that the shortfall in aid during the 1990s has, by implication, made it more difficult to meet the Millennium Development Goals. Hence, a considerable catch-up in aid and other development finance flows is now necessary if poverty is to be substantially reduced by 2015.

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The Impact of Foreign Aid on Economic Growth in Papua New Guinea

Cited by 118 publications

References 21 publications

Economic Governance and Economic Growth in South and East Asia & Pacific Region: Evidence from Systematic Literature Reviews and Meta-analysis

Economic Governance and Economic Growth in South and East Asia & Pacific Region: Evidence from Systematic Literature Reviews and Meta-analysis

The Political Economy of Development Assistance: Peril to Government Quality Dynamics in Africa

Development assistance and development finance: evidence and global policy agendas

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