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Foreign aid, instability and governance in Africa
- Publication Year :
- 2019
- Publisher :
- Yaoundé: African Governance and Development Institute (AGDI), 2019.
-
Abstract
- This study contributes to the attendant literature by bundling governance dynamics and focusing on foreign aid instability instead of foreign aid. We assess the role of foreign aid instabilit y on governance dynamics in fifty three African countries for the period 1996-2010. An autoregressive endogeneity-robust Generalized Method of Moments is employed. Instabilities are measured in terms of variance of the errors and standard deviations. Three main aid indicators are used, namely: total aid, aid from multilateral donors and bilateral aid. Principal Component Analysis is used to bundle governance indicators, namely: political governance (voice & accountability a nd political stability/no violence), economic governance (regulation quality and government effectiveness), institutional governance (rule of law and corruption-control) and general governance (political, economic and institutional governance). Our findings show that foreign aid instability increases governance standards, especially political and general governance. Poli cy implications are discussed.
- Subjects :
- Foreign aid
Governance
O11
O55
F47
Africa
ddc:330
Instability
F35
Development
C53
Subjects
Details
- Language :
- English
- ISSN :
- 19962010
- Database :
- OpenAIRE
- Accession number :
- edsair.od......1687..666cddbe823ac1e31b35bfcf43d8246d