El impacto de la ayuda internacional sobre la calidad de las instituciones

  1. Alonso Rodríguez, José Antonio
  2. Garcimartín Alférez, Carlos Eugenio
Journal:
Ekonomiaz: Revista vasca de economía

ISSN: 0213-3865

Year of publication: 2011

Issue Title: La nueva economía institucional

Issue: 77

Pages: 158-175

Type: Article

DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Ekonomiaz: Revista vasca de economía

Abstract

Some empirical works have argued that aid hinders the institutional quality of recipient countries. This article argues that these works suffer from two main shortcomings that make their conclusions less tenable. On the one hand, a previous investigation of the determinants of institutional quality is usually not implemented, and as a consequence, a serious omitted variables problem emerges. On the other hand, aid may show decreasing returns, but this possibility is rarely taken into account. At the aim of overcoming these shortcomings, the article presents a new estimation of an institutional quality equation that incorporates its main determinants as well as aid. Its main results suggest that aid impacts positively on institutional quality, but it shows decreasing returns.

Bibliographic References

  • Acemoglu, D.; Johnson, S. y Robinson, J.A. (2001): «The colonial origins of comparative development: An empirical investigation», American Economic Review, vol 91, No. 5 (December), 1369­401.
  • Acemoglu, D.; Johnson, S. y Robinson, J.A. (2002): «Reversal of fortunes: Geogra­phy and institutions in the making of the modern world income distribution», Quarterly Journal of Economics, vol 117, No. 4 (November), 123-1­94.
  • Alesina, A. y Perotti, R. (1996): «Income dis­tribution, political instability and inves­tment», European Economic Review, vol. 40, No. 6, 1203­-1228.
  • Alesina, A. y Rodrik, D. (1993): Income distri­bution and economic growth: A simple theory and some empirical evidence, in Cu­ kierman A, Hercovitz Z, Leiderman L. (eds.). The political economy of business cycles and growth, MIT Press, Cambridge MA.
  • Alesina, A. y Weder, B. (2002): «Do Corrupt Governments Receive Less Foreign Aid?» American Economic Review, September, 92. 1126­37.
  • Alesina, A.; Devleeschauwer, A.; Easterly, W. y Kurlat, S. (2003): «Fractionalization», Journal of Economic Growth, vol. 8, No. 2, 155­94.
  • Alonso, J.A. (2007): «Inequality, institutions and progress: a debate between history and the present», CEPAL Review, 93, December. 61­-80.
  • Alonso, J. A. y Garcimartín, C. (2008): Acción colectiva y desarrollo. El papel de las instituciones. Editorial Complutense. Madrid.
  • Alonso, J. A. y Garcimartín, C. (2010): «The Determinants of Institutio­nal Quality. More on the Debate», Journal of International Development, forthcoming.
  • Banco Mundial (1998): Assessing Aid. What Works, What Doesn’t and Why?, Wolrd Bank, Washington.
  • Barro, R. J. y J. W. Lee (2000): «International Data on Educational Attainment: Updates and Implications». CID Working Paper No. 42, Abril.
  • Beck, T.; Clarke, P.; Groff, A.; Keefer, A. y Walsh, P. (2001): «New Tools in Comparative in Political Economy: The database of Political Institutions», The World Bank Economic Review, vol 15, n.º 1, 165­-176.
  • Brautigam, D. (2000): Aid Dependence and Governance. Stockholm, Sweden: Almqvist & Wiksell.
  • Brautigam, D. y Knack, S. (2004): «Foreign Aid, Institutions, and Governance in Sub­Sa­haran Africa», Economic Development and Cultural Change, vol. 52(2), 255­-286.
  • Burnside, C. y Dollar, D. (2000): «Aid, poli­cies and growth». American Economic Review 90, 847­68.
  • Chong, A. y Zanforlin, L. (2000): «Law Tradi­ tion and Institutional Quality: Some Empiri­cal Evidence», Journal of International Development, vol. 12 (8), 1057­-1068.
  • Djankov, S.; Montalvo, J. y Reynal-Querol, M. (2008): «The curse of aid», Journal of Economic Growth, vol. 13(3), 169­-194.
  • Durbarry, D.C.; Gemmell, R., N. y Greenaway, D. (1998): «New evidence on the im­pact of foreign aid on economic growth». CREDIT Research Paper, n.º 8.
  • Easterly, W. (2001): «The Middle Class Con­sensus and Economic Development», Journal of Economic Growth, vol. 6 (4), 317­-335.
  • Easterly, W. (1997): «Africa’s Growth Tragedy: Policies and Ethnic Divi­sion», Quarterly Journal of Economics, vol 112, n.º 4, 1203­-1250
  • Easterly, W. (2003) «Tropics, germs, and crops: how endowment influence economic develop­ment», Journal of Monetary Economics, 50 (1): 3­39.
  • Easterly, W.; Woolcock, M; Ritzen, J. (2006): «Social cohesion, Institutions, and Growth», Economics and Politics, vol 18, n.º 2, pags 103­12
  • Gallup, J.L.; Sachs, J. y Mellinger, A. (1998) Geography and Economic Development, NBER Working Paper, No. 6849, Cambridge, Mas­sachusetts, National Bureau of Economic Re­ search.
  • Garcimartín, C.; Alonso, J. A. y Gallo, D. (2006): «Fiscalidad y Desarrollo». Documentos del Instituto de Estudios Fiscales, No. 21/06.
  • Glaeser, E. y Shleifer, A. (2003): «The rise of the regulatory state». Journal of Economic Literature 41: 401­-425.
  • Hadjimichael, M.T.; Ghura, D.; Mühleisen, M.; Nord, R. y Uçer, E.M. (1995): «Sub­Sa­haran Africa: Growth, Savings, and Inves­tment», 1986­1993, IMF Occasional Paper 118.
  • Hall, R.E. y Jones, Ch.I. (1999): «Why do Some Countries Produce so Much More Output per Worker Than Others?» Quarterly Journal of Economics, vol 114, 83­-116.
  • Hansen, H. y Tarp, F. (1999): «The Effectiveness of Foreign Aid», Development Economics Research Group, Institute of Economics, Uni­versity of Copenhagen.
  • Henisz, W.J. (2000): The Institutional Environ­ment for Economic Growth. Economics and Politics 12 (1): 1­31.
  • Islam, R. y Montenegro, C. (2002): «What Determines the Quality of Institutions?» World Development Report: Building Institutions for Markets, Washington.
  • Khan, H.A. y Hoshino, E. (1992): «Impact of Foreign Aid on the Fiscal Behaviour of LDC Governments», World Development, Vol. 20, No. 10, 1481­-1488.
  • Killick, T. (1997): «Principals, agents and the failings of conditionality.» Journal of International Development, vol. 9, n4: 483-­495.
  • Killick, T. (2004) «Monitoring Partnership­based relationships: A note», Development Policy Review, vol 22, n.º 2, pag. 229-­234
  • Kimbrough, K. P. (1986): «Foreign Aid and Optimal Fiscal Policy», Canadian Journal of Economics, 19 (February, 35­61.
  • Knack, S. (2000) «Aid Dependence and the Quality of Governance: a Cross­ Country Empirical Analysis» World Bank Policy Research Working Paper 2396. Washington DC: World Bank
  • Knack, S y Azfar, O. (2003): «Trade Intensity, Country Size and Corruption.« Economic Governnace 4(1), 1­-18
  • La Porta, R.; López de Silanes, F.; Shleifer. A. y Vishny, R.W. (1999): «The Quality of Government», Journal of Law, Economics and Organization, vol 15 (March), 222­79.
  • Lensink, R. y White, H. (2001): «Are there ne­gative returns to aid?», Journal of Development Studies 37 (6): 42-­65.
  • Mcgillivray, M. y Morrissey, O. (2000): «Aid Fungibility in Assessing Aid: Red Herring or True Concern?, Journal of International Development, 12: 3, 413-­428.
  • Moore, M. (1998): «Death Without Taxes: De­mocracy, State Capacity, and Aid Dependen­ce in the Fourth World». In G. White y M. Robinson (eds.), Towards a Democratic Developmental State. Oxford: Oxford University Press.
  • Radelet, S. (2003): Challenging Foreign Aid: A Policymaker’s Guide to the Millennium Challenge Account, Center for Global Develop­ment, Washington
  • Rajan, R. G. y Subramanian, A. (2005): «Aid and Growth: What Does the Cross­ Country Evidence Really Show?» IMF Working Paper 05/127.
  • Remmer, K. L. (2004); «Does foreign aid pro­mote the expansion of government?» The American Journal of Political Science, 48 (1). 77-­92.
  • Rigobon, R. y Rodrik, D. (2004): «Rule of Law, Democracy, Openness, and Income: Estima­ting the Interrelationships», NBER Working Paper n.º 10750.
  • Rodrik, D. (1996): «Understanding Economic Policy Reform», Journal of Economic Literature, 34, 9­41.
  • Rodrik, D. (2003): «What do We Learn from Coun­try Narratives?» en D. Rodrik (ed), In search of prosperity. Analytic narratives on economic growth, Princeton, Princeton University Press.
  • Rodrik, D.; Subramanian, A. y Trebbi, F. (2002): »Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development», IMF Working Paper 02/189, Washington.
  • Sachs, J. y Warner, A. (1997): «Sources of Slow Growth in African Economies», Journal of African Economies, Vol. 6, 335­76.
  • Tavares, J. y Wacziarg, R. (2001): «How de­mocracy affects growth». European Economic Review vol. 45, n.º 8: 1341­-1378.
  • Treisman, D. (2000): «The Causes of Corruption: A Cross­national Study». Journal of Public Economics 76 (3), 399-­457.
  • Varsakelis, N.C. (2006): Education, Political Insitutions and Innovative Activity: A Cross­country Empirical Investigation. Research Policy 35: 1083­-1090.
Data source: Dialnet