No . 03 / 06 Poverty Reduction and Aid Policy

نویسندگان

  • José Antonio Alonso
  • Carlos Garcimartín
چکیده

This paper deals with the effectiveness of several alternative models of aid allocation in terms of poverty reduction. We use a model that admits the presence of diminishing returns to aid in the output and poverty functions. We shall discuss the impact of aid on poverty in a single country, showing that conditional aid to improve policies has a deeper impact than the other alternatives of aid allocation. But if the donor ́s aim is to maximise poverty reduction in a group of countries in presence of conflicts of interest between donor and recipient, a general rule to distribute aid cannot be stated a priori. Decreasing returns can offset the positive impact on incentives to improve policies. There is not something like a universal solution and aid policy should be tailored according to the recipient characteristics. Outline

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تاریخ انتشار 2003