The (small) blessing of foreign aid: further evidence on aid’s impact on democracy

Yener Altunbas; John Thornton

doi:10.1080/00036846.2014.946186

The (small) blessing of foreign aid: further evidence on aid’s impact on democracy

Yener Altunbas, John Thornton

The Albert Gubay Business School

Research output: Contribution to journal › Article › peer-review

Abstract

In an empirical contribution to the literature of foreign aid, we estimate the impact of foreign aid on democracy in a panel of 93 developing economies during 1971–2010. We find that foreign aid promotes democracy, with the result robust to different estimation methodologies and control variables and to instrumenting for foreign aid.

Original language	English
Pages (from-to)	3922-3930
Journal	Applied Economics
Volume	46
Issue number	32
DOIs	https://doi.org/10.1080/00036846.2014.946186
Publication status	Published - 20 Aug 2014

Keywords

Foreign Aid
Democracy
Instrumental variables

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10.1080/00036846.2014.946186

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title = "The (small) blessing of foreign aid: further evidence on aid{\textquoteright}s impact on democracy",

abstract = "In an empirical contribution to the literature of foreign aid, we estimate the impact of foreign aid on democracy in a panel of 93 developing economies during 1971–2010. We find that foreign aid promotes democracy, with the result robust to different estimation methodologies and control variables and to instrumenting for foreign aid.",

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KW - Democracy

KW - Instrumental variables

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The (small) blessing of foreign aid: further evidence on aid’s impact on democracy

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Keywords

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