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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/910

タイトル: The dynamics of spending and absorption of aid : panel data analysis
著者: Shonchoy, Abu S.
キーワード: Developing countries
Development aid
Poverty
International organization
Aid
Spending and Absorption
PRGF
Dynamic Panel Estimations
PRGF(Poverty Reduction and Growth Facility)
Issue Date: Aug-2010
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 245. 2010. 08
抄録: In September 1999, the International Monetary Fund (IMF) established the Poverty Reduction and Growth Facility (PRGF) to make the reduction of poverty and the enhancement of economic growth the fundamental objectives of lending operations in its poorest member countries. This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use of aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. The paper shows that PRGF-supported programs permit countries to utilize all increases in aid within a few years, showing smoothed use of aid inflows over time. Our results reveal that spending is higher than absorption in both the long-run and short-run use of aid, which is a robust finding of the study. Furthermore, the paper demonstrates that the long-run spending exceeds the injected increase of aid inflows in the economy. In addition, the paper finds that the presence of a PRGF-supported program does not influence the actual absorption or spending of aid.
URI: http://hdl.handle.net/2344/910
Appears in Collections:04.IDE Discussion Paper
02.政治、国際関係(Politics,International Relationship)/複数地域(Interregional Studies)

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