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Performance assessment, vulnerability, human capital, and the allocation of aid among developing countries

Guillaumont, Patrick, McGillivray, Mark and Wagner, Laurent 2017, Performance assessment, vulnerability, human capital, and the allocation of aid among developing countries, World development, vol. 90, pp. 17-26, doi: 10.1016/j.worlddev.2015.05.005.

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Title Performance assessment, vulnerability, human capital, and the allocation of aid among developing countries
Author(s) Guillaumont, Patrick
McGillivray, Mark
Wagner, Laurent
Journal name World development
Volume number 90
Start page 17
End page 26
Total pages 10
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2017-02
ISSN 0305-750X
1873-5991
Keyword(s) performance
aid allocation
human capital
vulnerability
exogenous shocks
Summary Developing country performance with respect to economic policies and institutional behavior is a common criterion for the allocation of aid among recipient countries. This paper examines how performance is used, arguing that performance is too narrowly defined. A more appropriate definition is one that controls for the economic vulnerability and human capital of developing countries. Econometric analysis of cross-section and panel data is presented that supports this contention. The paper also contends that performance and exogenous economic shocks are likely to be pro-cyclical. This implies a double punishment when aid is allocated according to performance. Evidence of such punishment is also provided. The paper concludes by arguing that economic vulnerability and human capital variables should augment performance measures in aid allocation decision-making.
Language eng
DOI 10.1016/j.worlddev.2015.05.005
Field of Research 140202 Economic Development and Growth
16 Studies In Human Society
14 Economics
Socio Economic Objective 970114 Expanding Knowledge in Economics
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:30082833

Document type: Journal Article
Collection: Alfred Deakin Research Institute
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