The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

Post-conflict Recovery: Institutions, Aid, or Luck?

Post-conflict Recovery: Institutions, Aid, or Luck? by Antonio David
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
This paper identifies the factors linked to cross-country differentials in growth performance in the aftermath of social conflict for 30 sub-Saharan African countries using panel data techniques. Our results show that changes in the terms of trade are the most important correlate of economic performance in post-conflict environments. This variable is typically associated with an increase in the marginal probability of positive economic performance by about 30 percent. Institutional quality emerges as the second most important factor. Foreign aid is shown to have very limited ability to explain differentials in growth performance, and other policy variables such as trade openness are not found to have a statistically significant effect. The results suggest that exogenous factors ("luck") are an important factor in post-conflict recovery. They also highlight the importance in post-conflict settings of policies to mitigate the macroeconomic impact of terms of trade volatility (including countercyclical macroeconomic policies and innovative financing instruments) and of policies to promote export diversification.
International Monetary Fund; June 2011
33 pages; ISBN 9781455287611
Read online, or download in secure EPUB or secure PDF format
Title: Post-conflict Recovery: Institutions, Aid, or Luck?
Author: Antonio David; Fabiano Rodrigues Bastos; Marshall Mills
 
ISBNs
145528761X
9781455269471
9781455270477
9781455287611