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Spatial aid spillovers during transition
journal contribution
posted on 2015-12-01, 00:00 authored by Zohidjon Askarov, Chris DoucouliagosChris DoucouliagosWe investigate whether development aid stimulates growth in transition economies, paying particular attention to the possibility of spatial spillovers arising from aid. We find that common borders and a shared historical and political heritage result in a complex set of associations between aid and growth. Aid has a positive impact on growth in the recipient country. However, the impact of aid also spills over to affect other nations. Aid appears to create positive spillovers through improved total factor productivity and possibly currency appreciation. At the same time, aid depletes human capital through emigration and it particularly adversely affects democracy and governance quality in other transition economies. On balance, aid generates net adverse growth spillovers in transition economies.
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Journal
European journal of political economyVolume
40Issue
Part APagination
79 - 95Publisher
ElsevierLocation
Amsterdam, The NetherlandsPublisher DOI
ISSN
0176-2680Language
engPublication classification
C1.1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2015, ElsevierUsage metrics
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