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The curse of aid

机译:援助的诅咒

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摘要

Foreign aid provides a windfall of resources to recipient countries and may result in the same rent seeking behavior as documented in the “curse of natural resources” literature. In this paper we discuss this effect and document its magnitude. Using panel data for 108 recipient countries in the period 1960–1999, we find that foreign aid has a negative impact on institutions. In particular, if the foreign aid over GDP that a country receives over a period of 5 years reaches the 75th percentile in the sample, then a 10-point index of democracy is reduced between 0.5 and almost one point, a large effect. For comparison, we also measure the effect of oil rents on political institutions. We find that aid is a bigger curse than oil.
机译:外国援助给受援国带来了可观的资源,并可能导致“自然资源的诅咒”文献中记载的寻租行为。在本文中,我们讨论了这种影响并记录了其程度。使用1960-1999年间108个受援国的面板数据,我们发现外国援助对机构有负面影响。特别是,如果一个国家在5年内获得的超过GDP的外国援助达到样本中的第75个百分位,那么民主制的10点指数将降低0.5到接近1点,这是一个很大的效果。为了进行比较,我们还测量了石油租金对政治制度的影响。我们发现,援助是比石油更大的诅咒。

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