Aid, China, and Growth: Evidence from a New Global Development Finance Dataset

• 成果类型: Article
• 署名作者: Dreher, Axel; Fuchs, Andreas; Parks, Bradley; Strange, Austin; Tierney, Michael J.
• 署名单位: Ruprecht Karls University Heidelberg; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Gottingen; University of Gottingen; University of Gottingen; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW); William & Mary; University of Hong Kong; Harvard University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20180631
• 发表日期: 2021
• 页码: 135-174
• 关键词: foreign-aid; development-projects; political-economy; INVESTMENT; institutions; countries; policies; leaders; donors; IMPACT

摘要

This article introduces a new dataset of official financing from China to 138 developing countries between 2000 and 2014. It investigates whether Chinese development finance affects economic growth in recipient countries. The results demonstrate that Chinese development finance boosts short-term economic growth. An additional project increases growth by between 0.41 and 1.49 percentage points 2 years after commitment, on average. While this study does not find that significant financial support from China impairs the overall effectiveness of aid from Western donors, aid from the United States tends to be more effective in countries that receive no substantial support from China.