DOES FOREIGN AID PROMOTE DEMOCRATIC INSTITUTIONS IN POST-CONFLICT CAMBODIA? EVIDENCE FROM ARDL BOUNDS TESTING APPROACH

Autor:	Ly Slesman
Rok vydání:	2021
Předmět:	Post conflict Economics and Econometrics media_common.quotation_subject Political science Political economy Democratization Democracy media_common
Zdroj:	The Singapore Economic Review. :1-61
ISSN:	1793-6837 0217-5908
DOI:	10.1142/s0217590821500429
Popis:	Whether foreign aid promotes or hinders democratic institutions has been debated with opposing views. This paper investigates short- and long-run effects of foreign aid on democratization in post-conflict Cambodia using autoregressive distributed lag bounds testing and Gregory–Hansen structural break testing approach for cointegration over 1980–2015 period. The findings reveal that net bilateral foreign aid per capita, aggregated and classified into purpose-based ‘governance aid’, ‘economic aid’, ‘other aid’ and ‘donor-specific aid’ from the US, EU, France, Australia and Japan, promote long-run democratization. In the short run, only governance and economic aid appear to have a consistent positive effect on democratization.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1fac6e1958c29400fe2655fcff95407a https://doi.org/10.1142/s0217590821500429 Zobrazit plný text záznamu