Is aid for trade effective? A panel quantile regression approach
Autor: | Kai Rehwald, D Felicitas Nowak-Lehmann, Inmaculada Martínez-Zarzoso |
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Rok vydání: | 2017 |
Předmět: |
Commercial policy
North-South trade aid for trade 050204 development studies 05 social sciences Geography Planning and Development 1. No poverty International economics Development development aid Aid effectiveness Quantile regression Budget support panel data Goods and services 0502 economics and business 8. Economic growth Economics Econometrics Endogeneity 050207 economics aid effectiveness Quantile Panel data |
Zdroj: | Repositori Universitat Jaume I Universitat Jaume I Martínez-Zarzoso, I, Nowak-Lehmann D., F & Rehwald, K 2017, ' Is aid for trade effective? A panel quantile regression approach ', Review of Development Economics, vol. 21, no. 4, pp. e175-e203 . https://doi.org/10.1111/rode.12322 |
ISSN: | 1363-6669 |
Popis: | This paper investigates whether Aid for Trade (AfT) leads to greater exports in recipient countries. Using panel quantile regression and two strategies to address endogeneity (AfT lagged by two periods and dynamic OLS), our results suggest that total AfT disbursements promote the export of goods and services mainly for the lower quantiles (0.1, 0.25, 0.50) of the conditional distribution of exports. Hence, countries that export less in volume are those benefitting most from AfT. This effect is mainly driven by the impact on exports of goods rather than on that of services. We also investigate which types of AfT are effective when endogeneity is controlled for. The main results show that whereas aid to improve trade policy and regulation is associated with higher exports for all quantiles, aid used to build infrastructure is found to affect exports at only the lowest tails of the distribution (0.10–0.35) and aid to build productive capacity is generally more effective for the lower quantiles of the export distribution (0.10–0.50). In contrast, aid disbursed for general budget support (an untargeted type of aid) is not associated with greater export levels. This finding holds irrespective of the quantile. |
Databáze: | OpenAIRE |
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