CEU Electronic Theses and Dissertations, 2010
| Author | Thompson, Philip Banahene |
|---|---|
| Title | Aid Effectiveness: Illuminating the Macroeconomic Effect of Aid-Growth Nexus in Ghana(1965-2007) |
| Summary | After more than three decades of development assistance, Ghana and other SSA countries wallow in Poverty. Ghana has had her real per capita GDP growth stagnate or decline since 1960. The obvious question remains: Why does this trend persist despite increased aid flows and structural adjustment lending in Ghana likewise many SSA countries? Could this be a question of aid ineffectiveness? Using Ghana as a test case this thesis contributes to the aid-growth debate by investigating whether aid has worked in Ghana? Of interest to the study is the realisation that past studies have failed to pay much attention to single case macro-level studies which the paper argues is more relevant than cross-section pooled regressions which have dominated the focus of the debate thus far. Different countries experience with aid makes single case analysis more imperative. Given this empirical gap and perceived methodological limitations of aggregated studies to an issue which is more of a time series phenomenon; the paper offers a nuanced analysis of aid-growth nexus in Ghana and captures key transmission variables using the technique of co-integration. In effect we investigate whether aid has worked in Ghana. The study found that contrary to the aid critiques, aid has a positive impact on Ghana’s growth. The question therefore is not ‘whether aid works’ but how can we make aid work better. |
| Supervisor | Kemmerling, Achim |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2010/thompson_philip.pdf |
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