SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Chiripanhura, Blessing and Niño-Zarazúa, Miguel (2015) 'Aid, Political Business Cycles and Growth in Africa.' Journal of International Development, 27 (8). pp. 1387-1421.

[img]
Preview
Text - Published Version
Available under License Creative Commons Attribution-NonCommercial 4.0 (CC BY-NC 4.0).

Download (1MB) | Preview
[img]
Preview
Text (WIDER Working Paper 2014/145) - Published Version
Download (690kB) | Preview

Abstract

This study develops a model of opportunistic behaviour in which an incumbent government resorts to expansionary fiscal and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset of 31 African countries covering the period 1980 to 2009, we test whether donor aid facilitates such political business cycles and investigate their effect on growth. We find evidence that donors, through guaranteeing support to incumbent governments, may unwittingly instigate political business cycles. With forbearance, and sometimes complicity by donors, aid seems to allow incumbent governments to instigate macroeconomic stimuli that ensure electoral victory with no fear of losing aid support.

Item Type: Journal Article
Keywords: aid, growth, institutional quality, political business cycles, Africa
SOAS Departments & Centres: Departments and Subunits > Department of Economics
ISSN: 09541748
DOI (Digital Object Identifier): https://doi.org/10.1002/jid.3188
Date Deposited: 26 Jun 2022 12:36
URI: https://eprints.soas.ac.uk/id/eprint/37611
Related URLs: https://www.wid ... d-growth-africa (Organisation URL)
Funders: Other

Altmetric Data

Statistics

Download activity - last 12 monthsShow export options
Downloads since deposit
6 month trend
6Downloads
6 month trend
17Hits
Accesses by country - last 12 monthsShow export options
Accesses by referrer - last 12 monthsShow export options

Repository staff only

Edit Item Edit Item