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Aid Effectiveness in OIC Member Countries: Beyond Economics Indicators

International Journal of Economics, Management and Accounting

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Field Value
 
Title Aid Effectiveness in OIC Member Countries: Beyond Economics Indicators
 
Creator Ishnazarov, Davron
Cevik, Neslihan
 
Description This paper examines whether official development assistance (ODA) is an effective tool for human development and progress of recipient OIC (Organization of Islamic Cooperation) member countries. The paper estimates the impact of aid on social indicators rather than on economic growth. It measures the impact of ODA classified by sectors on the components of Human Development Index (HDI): standards of living, life expectancy, and education indices. It controls for the magnitude of civil violence, population growth, foreign direct investment, income, urbanization and regime type; whether a regime is democratic or autocratic. It utilizes annual data between 2002 and 2015 for OIC member countries. Results indicate that ODA is an effective tool for human development, having a greater and a more efficient impact on human development than other development instruments included in the analysis. We also find that civil violence is a powerful deterrent of HDI. Based on these results, the paper suggests increasing ODA, particularly, to health and education sectors, and intensifying efforts to prevent and reduce civil violence as well as monitoring and managing post-conflict states to cope with the risk of relapsing into conflict.
 
Publisher Kulliyyah of Economics and Management Sciences
 
Date 2017-08-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/488
 
Source International Journal of Economics, Management and Accounting; Vol 25 No 2 (2017): Special Issue; 315-336
2462-1420
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/488/242
 
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