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Is Aid Efficient?

Author

Listed:
  • Audrey Menard
  • Laurent Weill
Abstract
The aim of this paper is to investigate the relation between aid and macroeconomic efficiency. It contributes to the understanding of the puzzling aid-growth linkage. We apply a stochastic frontier approach to estimate macroeconomic efficiency for a panel of 67 countries over the period 1985?2010. We use GMM dynamic panel techniques to analyse the relation between aid and macroeconomic efficiency. We find that aid fosters efficiency. This beneficial effect is found for bilateral aid and multilateral aid. We also show that the favourable impact of aid on efficiency increases with the extent of democracy and the macroeconomic stability of recipient countries.

Suggested Citation

  • Audrey Menard & Laurent Weill, 2014. "Is Aid Efficient?," Revue d'économie politique, Dalloz, vol. 124(4), pages 613-624.
    • Handle: RePEc:cai:repdal:redp_244_0613
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    Citations

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    Cited by:

    1. Sèna Kimm Gnangnon, 2021. "Development aid and services export diversification," International Journal of Economic Policy Studies, Springer, vol. 15(1), pages 125-156, February.

    More about this item

    Keywords

    Aid; Stochastic frontier approach;

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