Performance Assessment, Vulnerability, Human Capital, and the Allocation of Aid Among Developing Countries

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• 作者：Patrick Guillaumont^a ; ^b ; Mark McGillivray^c ; ^a ; Laurent Wagner^a ; ^b
• 关键词：performance ; aid allocation ; human capital ; vulnerability ; exogenous shocks
• 刊名：World Development
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：90
• 期：Complete
• 页码：17-26
• 全文大小：265 K
• 卷排序：90

文摘

Developing country performance with respect to economic policies and institutional behavior is a common criterion for the allocation of aid among recipient countries. This paper examines how performance is used, arguing that performance is too narrowly defined. A more appropriate definition is one that controls for the economic vulnerability and human capital of developing countries. Econometric analysis of cross-section and panel data is presented that supports this contention. The paper also contends that performance and exogenous economic shocks are likely to be pro-cyclical. This implies a double punishment when aid is allocated according to performance. Evidence of such punishment is also provided. The paper concludes by arguing that economic vulnerability and human capital variables should augment performance measures in aid allocation decision-making.