Aid Supplies Over Time: Accounting for Heterogeneity, Trends and Dynamics

Sam Jones

No wp-2011-004, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The recent financial crisis has rekindled interest in the foreign aid supply behaviour of bilateral donors. Using the latest data covering the period 1960-2009, this paper examines how such behaviour is related to domestic factors. Based on a simple empirical model, a distinction is made between long-run supply trends and short-run dynamics, which motivates use of error correction methods. Panel econometric techniques are employed that are consistent in the presence of parameter heterogeneity and cross-section dependence.

Keywords: Business cycles; Economic assistance and foreign aid; Financial crisis; Panel analysis; Heterogeneity; Cross-section dependence (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (6)

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