Is the whole representative of the parts? Analyzing the effects of disaggregated aid on growth.

摘要

This dissertation explored two questions in aid growth literature: first, whether different forms of aid affect economic growth differently and, second, whether the effect of committed aid on economic growth differs from effect of disbursed aid on economic growth.;Estimation results suggest that effect of different aid categories on economic growth differs quantitatively and qualitatively. Qualitatively, the results suggest that the positive effects of one aid category may be offset by negative effects of another aid category. Comparison of the committed and disbursed aid estimation results suggests that committed and disbursed aid differ in their effect on growth for pre-2001 period; however, their effects are similar for post-2001 period. This implies that aid growth studies should be careful in choosing their aid measures, especially for the pre-2001 period.