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Aid and institutions in transition economies

Askarov,Z and Doucouliagos,H 2015, Aid and institutions in transition economies, European journal of political economy, vol. 38, pp. 55-70, doi: 10.1016/j.ejpoleco.2015.01.001.

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Title Aid and institutions in transition economies
Author(s) Askarov,Z
Doucouliagos,HORCID iD for Doucouliagos,H orcid.org/0000-0001-5269-3556
Journal name European journal of political economy
Volume number 38
Start page 55
End page 70
Publisher Elsevier
Place of publication Amsterdam, Netherlands
Publication date 2015-06
ISSN 0176-2680
1873-5703
Keyword(s) Aid
Democracy
Governance
Institutions
Summary We investigate whether aid contributed to institutional development in transition economies. We find that aid flows have a positive effect on democratization, especially on constraints on the executive and political participation. At the same time, total aid has no effect on overall quality of governance, while US aid appears to have a negative impact on some dimensions of governance. Aid's differential impact on democracy and governance is consistent with uneven development of institutions and the democracy consolidation hypothesis. We also find that aid has a non-linear effect on democracy. Openness has a positive effect on both democracy and good governance. Oil resources have an adverse effect on democracy. Adult mortality, civil war and adherence to Islam are all detrimental to good governance.
Language eng
DOI 10.1016/j.ejpoleco.2015.01.001
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30069862

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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