Aid, Economic Reform, and Public Sector Fiscal Behavior in Developing Countries

被引:6
作者
McGillivray, Mark [1 ]
机构
[1] Australian Agcy Int Dev AusAID, Canberra, ACT 2601, Australia
关键词
FOREIGN-AID; IMPACT; INVESTMENT; ASSISTANCE; TAXES; EXPENDITURES; FUNGIBILITY; GROWTH; MODEL;
D O I
10.1111/j.1467-9361.2009.00505.x
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
This paper looks at interactions between foreign development aid, economic reform, and public sector fiscal behavior. It proposes a model of the public sector fiscal response to aid inflows, which allows for changes in structural relationships due to an exogenously imposed program of economic reform. This model is applied to 1960-99 time series data for the Philippines, which embarked on an IMF- and World Bank-funded structural adjustment program in 1980. Estimates of structural and reduced-form equations paint a dismal picture of the effectiveness of foreign aid to, and the structural adjustment program in, the Philippines so far as fiscal impacts are concerned. Both bilateral and multilateral aid inflows, and the presence of an economic reform program, are associated with decreases in public fixed capital expenditure, decreases in taxation and other recurrent revenue, and decreases in public sector saving. Multilateral aid also appears to be highly fungible.
引用
收藏
页码:526 / 542
页数:17
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