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1. Aid Supplies Over Time: Accounting for Heterogeneity, Trends, and Dynamics

Author:
Sam Jones
Publication Date:
01-2011
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The recent financial crisis has rekindled interest in the foreign aid supply behaviour of bilateral donors. Using the latest data covering the period 1960-2009, this paper examines how such behaviour is related to domestic factors. Based on a simple empirical model, a distinction is made between long-run supply trends and short-run dynamics, which motivates use of error correction methods. Panel econometric techniques are employed that are consistent in the presence of parameter heterogeneity and cross-section dependence. Results support the error correction framework, but point to very substantial heterogeneity between countries. There is also good evidence that donor behaviour continues to evolve over time. As such, past trends in aid supplies are unlikely to provide a good guide to those of the future.
Topic:
Development, Bilateral Relations, Foreign Aid, and Financial Crisis

2. The financial crisis and lower income countries: A preliminary synthesis of findings on impacts, responses and lessons

Author:
Sam Jones
Publication Date:
11-2010
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
This paper synthesizes findings from a range of studies presented at a recent conference on the financial crisis held at the Danish Institute for International Studies (DIIS). Focusing on low and lower-middle income countries, the studies explore the impacts, responses and initial lessons of the crisis. The complex and diverse nature of these impacts at both the aggregate and household levels are highlighted, as is the need to reconsider conventional policy advice. Considerations for future research directions are also presented.
Topic:
Economics, Third World, Global Recession, and Financial Crisis