Roads out of poverty?: Assessing the links between aid, public investment, growth, and poverty reduction

• 成果类型: Article
• 署名作者: Agenor, Pierre-Richard; Bayraktar, Nihal; El Aynaoui, Karim
• 署名单位: University of Manchester; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2007.07.001
• 发表日期: 2008
• 页码: 277-295
• 关键词: foreign aid; public investment; GROWTH; poverty reduction

摘要

This paper presents a dynamic macroeconomic model that captures key linkages between foreign aid, public investment, growth, and poverty. Public capital is disaggregated into education, core infrastructure, and health. Dutch disease effects associated with aid are accounted for by endogenizing changes in the relative price of domestic goods. The impact of shocks on poverty is assessed through partial elasticities and household survey data. The model is calibrated for Ethiopia and changes in the level of nonfood aid are simulated. The amount by which (nonfood) aid should increase to reach the poverty targets of the Millennium Development Goals is also calculated, under alternative assumptions about the degree of efficiency of public investment. (C) 2007 Elsevier B.V. All rights reserved.