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Aid and institutions in transition economies
journal contribution
posted on 2015-06-01, 00:00 authored by Zohidjon Askarov, H DoucouliagosWe 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.
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Journal
European journal of political economyVolume
38Pagination
55 - 70Publisher
ElsevierLocation
Amsterdam, NetherlandsPublisher DOI
ISSN
0176-2680eISSN
1873-5703Language
engPublication classification
C1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2015, ElsevierUsage metrics
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