Aid for trade policy effectiveness and the middle income
The COVID-19 pandemic has made it necessary for all countries and donors to re-evaluate the effectiveness of development policies as countries across the globe seek to reverse the negative growth rates and set their economies back on the path of recovery following the worldwide recession caused by t...
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| Dokumentumtípus: | Könyv része |
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2022
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| Sorozat: | Proceedings of the European Union’s Contention in the Reshaping Global Economy
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| Kulcsszavak: | Gazdasági növekedés, Kereskedelmi politika, Világjárvány hatása |
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| doi: | 10.14232/eucrge.2022.7 |
| Online Access: | http://acta.bibl.u-szeged.hu/75071 |
| Tartalmi kivonat: | The COVID-19 pandemic has made it necessary for all countries and donors to re-evaluate the effectiveness of development policies as countries across the globe seek to reverse the negative growth rates and set their economies back on the path of recovery following the worldwide recession caused by the pandemic. The Aid for Trade (AfT) policy commenced in 2006 with the objective to promote economic growth in developing countries through export expansion. AfT has 3 main components, namely, Aid for Policies and Trade Adjustments, Aid for Trade Infrastructure, and Aid for Building Productive Capacity. Considering that economic growth is a prerequisite for escaping the Middle-Income Trap (MIT), this study seeks to investigate the potential role of AfT in helping countries escape the MIT by answering the following question: How has each of the 3 components of AfT impacted economic growth in middle-income countries? To answer this question, data for 73 middle-income AfT beneficiary countries over the period 2008-2018 were analysed using hierarchical multiple regression, dynamic panel regression, and quantile regression models. The findings suggest that AfT can contribute to growth but it cannot be relied upon as the main engine of growth and vehicle for escaping the MIT. |
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| Terjedelem/Fizikai jellemzők: | 105-128 |
| ISBN: | 978-963-306-852-6 |