The Political Economy of Development Assistance: Peril to Government Quality Dynamics in Africa

African Governance and Development Institute WP/12/008

35 Pages Posted: 10 Sep 2014

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Date Written: February 8, 2012

Abstract

This paper assesses the effectiveness of foreign aid in improving government institutions in 52 African countries using updated data (1996-2010). Findings suggest development assistance deteriorates government quality dynamics of corruption-control, political-stability, rule of law, regulation quality, voice and accountability and government effectiveness. It is therefore a momentous epoque to solve the second tragedy of foreign aid; high time economists and policy makers start rethinking the models and theories on which foreign aid is based. In the meantime, it is up to people who really care about the poor to hold aid agencies accountable for results.

Keywords: Foreign Aid; Political Economy; Development; Africa

JEL Classification: B20; F35; F50; O10; O55

Suggested Citation

Asongu, Simplice, The Political Economy of Development Assistance: Peril to Government Quality Dynamics in Africa (February 8, 2012). African Governance and Development Institute WP/12/008. Available at SSRN: https://ssrn.com/abstract=2493202 or http://dx.doi.org/10.2139/ssrn.2493202

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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