What are the Preconditions for Turnarounds in Failing States?

Lisa Chauvet and Paul Collier
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Paul Collier: Department of Economics Centre for the Study of African Economies Oxford University, Oxford, UK, paul.collier@economics.oxford.ac.uk

Conflict Management and Peace Science, 2008, vol. 25, issue 4, 332-348

Abstract: This paper analyzes the preconditions for sustained policy turnarounds in failing states. Our dependent variable is the probability of the commencement of a turnaround that eventually becomes both sustained and substantial. We focus upon the explanatory variables of resource rents, education, and aid, distinguishing between finance and technical assistance. Overall, we find that these variables have significant and large effects on the duration of state failure. Appropriate donor intervention can radically shorten state failure, whereas additional finance, whether from aid or resource rents, has the opposite effect.

Keywords: failing states; reform; aid (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:compsc:v:25:y:2008:i:4:p:332-348

DOI: 10.1080/07388940802397475

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