The Fungibility of Health Aid Reconsidered
Nicolas Van de Sijpe ()
Journal of Development Studies, 2013, vol. 49, issue 12, 1746-1754
This article draws further attention to the importance of taking into account off-budget aid when estimating the degree of foreign aid fungibility. It does so by re-evaluating the results of a recent, influential paper which concluded that health aid is fully fungible in the long run. Allowing for the presence of off-budget aid indicates that the degree of fungibility of health aid is much more uncertain than at first blush appears. Under plausible assumptions about the role of off-budget aid, the conclusion of full fungibility is overturned and at most only a limited degree of fungibility is found.
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Working Paper: The fungibility of health aid reconsidered (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:jdevst:v:49:y:2013:i:12:p:1746-1754
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