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The impacts of biased resource allocation on the effectiveness of official development assistance
Author(s)
Date Issued
2020
Journal
ISSN
02175908
1793-6837
Citation
Singapore Economic Review, 2020. Vol. 65(1), pp. 239-256.
Type
Peer Reviewed Journal Article
Abstract
Many developing countries are receiving official development assistance (ODA). Whether ODA is beneficial or harmful to the receiving country is controversial in the literature. This paper analyzes this issue from a new angle by adopting the framework of competitiveness which allows us to link resource allocation with economic growth. Under this framework, we point out that the mechanism of resource allocation influences the effectiveness of ODA on economic growth. By applying data envelopment analysis (DEA) to competitiveness, we capture the effects of inefficient and biased allocation of resources on ODA. The data confirm the co-existence of positive and negative impacts of ODA. Finally, we conclude that current ODA is not efficient in helping most of the receiving countries.
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