The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis

Katarina Juselius, Niels Møller () and Finn Tarp

No wp-2011-051, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Studies of aid effectiveness abound in the literature, often with opposing conclusions. Since most time-series studies use data from the exact same publicly available data bases, our claim here is that such differences in results must be due to the use of different econometric models and methods. To investigate this we perform a comprehensive study of the long-run effect of foreign aid (ODA) on a set of key macroeconomic variables in 36 sub-Saharan African countries from mid-1960s to 2007. We use a well-specified (Cointegrated) VAR (CVAR) model as our statistical benchmark.

Keywords: Economic assistance and foreign aid; Econometric models (Macroeconomics); Statistical hypothesis testing (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Journal Article: The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2011-051

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