Fumitaka, Furuoka (2008) A dynamic model of foreign aid allocation. Economics Bulletin, 15 (8). ISSN 1545-2921
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This paper uses the Generalized Method of Moments (GMM)-type of estimator of Arellano and Bond (1991) to analyze the dynamics of adjustment in foreign aid allocation over the period 2000-2005. The empirical findings reveal a complex nature of foreign aid allocations. On the one hand, the static panel data models indicated that aid donors tended to provide . larger amounts of foreign aid to the poorer developing nations which were in a greater need, for the development assistance. On the other hand, the dynamic panel data models indicated contradicted results, where relatively wealthy developing countries have received larger amounts of foreign aid.
|Uncontrolled Keywords:||Dynamic model, Foreign aid allocation|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||SCHOOL > School of Business and Economics|
|Deposited By:||IR Admin|
|Deposited On:||04 Apr 2011 17:08|
|Last Modified:||30 Dec 2014 12:42|
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