The Long‐Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis

@article{Juselius2014TheLI,
  title={The Long‐Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis},
  author={Katarina Juselius and Niels Framroze M{\o}ller and Finn Tarp},
  journal={Econometrics: Econometric \& Statistical Methods - General eJournal},
  year={2014}
}
Studies of aid effectiveness abound in the literature, often with opposing conclusions. Since most time-series studies use data from the exact same publicly available data bases, our claim here is that such differences in results must be due to the use of different econometric models and methods. To investigate this we perform a comprehensive study of the long-run effect of foreign aid (ODA) on a set of key macroeconomic variables in 36 sub-Saharan African countries from mid-1960s to 2007. We… Expand
A replication of ‘The long-run impact of foreign aid in 36 African countries: Insights from multivariate time series analysis’ (Oxford Bulletin of Statistics and Economics, 2014)
Macroeconomic data have been shown to vary substantially between sources, especially so for low-income countries. While the impact of data revisions on inference is well documented for cross-countryExpand
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)
Abstract Macroeconomic data have been shown to vary substantially between sources, especially so for low-income countries. While the impact of data revisions on inference is well documented forExpand
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In a recent article, Nowak-Lehmann, Dreher, Herzer, Klasen, and Martínez-Zarzoso (2012) (henceforth NDHKM) conclude that foreign aid has not had a significant effect on income, based on evidence fromExpand
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This study provides evidence of the effectiveness of aid through the use of a sample of 34 sub-Saharan African countries over the period 1990-2010. After considering the endogeneity of aid, theExpand
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