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The Long‐Run Macroeconomic Effects Of Aid And Disaggregated Aid In Ethiopia

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  • Fiseha Gebregziabher

Abstract

This article investigates the long‐run macroeconomic effects of aid and disaggregated aid flows in Ethiopia, currently the world's largest recipient of official development assistance, for the period 1960‐2009. The results show that aid affects gross domestic product (GDP), investment and imports positively, whereas it is negatively associated with government consumption. Our results concerning the impacts of disaggregated aid stand in stark contrast to earlier work. Bilateral aid increases investment and GDP and is negatively associated with government consumption, whereas multilateral aid is only positively associated with imports. Grants contribute to GDP, investment and imports, whereas loans affect none of the variables. Finally, there is evidence to suggest that multilateral aid and loans have been disbursed in a procyclical fashion. Copyright © 2013 John Wiley & Sons, Ltd.

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  • Fiseha Gebregziabher, 2014. "The Long‐Run Macroeconomic Effects Of Aid And Disaggregated Aid In Ethiopia," Journal of International Development, John Wiley & Sons, Ltd., vol. 26(4), pages 520-540, May.
    • Handle: RePEc:wly:jintdv:v:26:y:2014:i:4:p:520-540
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    Cited by:

    1. Roger, Lionel, 2019. "A replication of "The long-run impact of foreign aid in 36 African countries: Insights from multivariate time series analysis" (Oxford Bulletin of Economics and Statistics, 2014)," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 13, pages 1-53.
    2. Lionel Roger, 2015. "Foreign Aid, Poor Data, and the Fragility of Macroeconomic Inference," Discussion Papers 2015-06, University of Nottingham, CREDIT.

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