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Aid Dependence and Quality of Governance: An Empirical Analysis
Working paper
Stephen Knack
July 1999 |
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| Good governance--in the form of institutions that establish a predictable, impartial, and consistently enforced set of rules for investors--is crucial for the sustained and rapid growth in per capita incomes of poor countries (e.g., Keefer and Knack, 1997). Aid dependence can potentially undermine institutional quality, by weakening accountability, encouraging rent seeking and corruption, fomenting conflict over control of aid funds, siphoning off scarce talent from the bureaucracy, and alleviating pressures to reform inefficient policies and institutions. |
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| Last updated on: 3/23/2006 |
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