The Volatility of Aid

David Fielding and George Mavrotas

No DP2005-06, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Issues related to the volatility of aid flows are now becoming crucial in view of their relevance to the achievement of the Millennium Development Goals. The paper examines aid volatility using data for 66 aid recipients over the period 1973-2002. We improve upon earlier work in this important area by disaggregating total aid inflows into sector and programme aid. In this way we avoid focussing on a single aggregate, unlike most previous studies on aid volatility. We also adopt a different methodology to capture aid volatility.

Keywords: Economic assistance and foreign aid; Econometric models (Economic development) (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (43)

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Working Paper: The Volatility of Aid (2010)
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