{"id":"https://openalex.org/W2183782995","doi":null,"title":"Aid, Volatility and Growth Again","display_name":"Aid, Volatility and Growth Again","publication_year":2008,"publication_date":"2008-01-01","ids":{"openalex":"https://openalex.org/W2183782995","mag":"2183782995"},"language":"en","primary_location":{"id":"mag:2183782995","doi":null,"is_oa":false,"landing_page_url":"http://cerdi.org/uploads/ed/2007/2007.07.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5020239645","display_name":"Lisa Chauvet","orcid":"https://orcid.org/0000-0002-1918-4124","observed_orcids":["https://orcid.org/0000-0002-1918-4124"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Lisa Chauvet","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-1918-4124","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5110825447","display_name":"Patrick Guillaumont","orcid":"https://orcid.org/0000-0003-1720-1362","observed_orcids":["https://orcid.org/0000-0003-1720-1362"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Patrick Guillaumont","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":12.5968,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.98260609,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11168","display_name":"International Development and Aid","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/3303","display_name":"Development"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11168","display_name":"International Development and Aid","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/3303","display_name":"Development"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-aid","display_name":"foreign aid","score":0.7960000038146973},{"id":"https://openalex.org/keywords/aid-volatility","display_name":"aid volatility","score":0.9810000061988831},{"id":"https://openalex.org/keywords/aid-effectiveness","display_name":"aid effectiveness","score":0.6759999990463257},{"id":"https://openalex.org/keywords/procyclicality","display_name":"procyclicality","score":0.6740000247955322},{"id":"https://openalex.org/keywords/external-shocks","display_name":"external shocks","score":0.824999988079071},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.859000027179718},{"id":"https://openalex.org/keywords/growth-stability","display_name":"growth stability","score":0.45899999141693115},{"id":"https://openalex.org/keywords/earnings-volatility","display_name":"earnings volatility","score":0.7329999804496765},{"id":"https://openalex.org/keywords/export-volatility","display_name":"export volatility","score":0.6800000071525574},{"id":"https://openalex.org/keywords/aid-disbursements","display_name":"aid disbursements","score":0.5690000057220459}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.8414612412452698},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.769584059715271},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5619304776191711},{"id":"https://openalex.org/C2778454966","wikidata":"https://www.wikidata.org/wiki/Q2052298","display_name":"Aid effectiveness","level":3,"score":0.46960270404815674},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3680981993675232},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.3502119481563568},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3487512469291687},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2183782995","doi":null,"is_oa":false,"landing_page_url":"http://cerdi.org/uploads/ed/2007/2007.07.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.6452000141143799,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W29192659","https://openalex.org/W136913946","https://openalex.org/W560564843","https://openalex.org/W1492744820","https://openalex.org/W1512531682","https://openalex.org/W1547697863","https://openalex.org/W1575968429","https://openalex.org/W1601009005","https://openalex.org/W1961813810","https://openalex.org/W2000099481","https://openalex.org/W2022423349","https://openalex.org/W2025610165","https://openalex.org/W2035554302","https://openalex.org/W2088563154","https://openalex.org/W2126018487","https://openalex.org/W2141491849","https://openalex.org/W2144357229","https://openalex.org/W2146230168","https://openalex.org/W2154820854","https://openalex.org/W2166323599","https://openalex.org/W2170268745","https://openalex.org/W2173858490","https://openalex.org/W2617809126","https://openalex.org/W2953899293","https://openalex.org/W3121251454","https://openalex.org/W3124143526","https://openalex.org/W3124408334","https://openalex.org/W3125052097","https://openalex.org/W3125288373","https://openalex.org/W3125364203","https://openalex.org/W3125532348","https://openalex.org/W3125858663","https://openalex.org/W4409444687"],"related_works":["https://openalex.org/W2171748931","https://openalex.org/W2128941890","https://openalex.org/W2308939701","https://openalex.org/W2098609149","https://openalex.org/W2327627553","https://openalex.org/W3116132559","https://openalex.org/W7099463875","https://openalex.org/W2084318469","https://openalex.org/W7101012625","https://openalex.org/W7096455266"],"abstract_inverted_index":{"In":[0,71],"previous":[1,139],"papers":[2],"we":[3,74,195,221],"have":[4],"argued":[5],"that":[6,28,99,207,227],"aid":[7,22,47,55,61,83,94,122,131,146,159,175,192,200,208,232],"is":[8,23,65,104,116,160,209,236],"likely":[9],"to":[10,32,76,87,134,149,182,190,237,242],"mitigate":[11],"the":[12,42,51,79,163,166,171,174,186,197,228],"negative":[13,44,68],"effects":[14,45],"of":[15,46,54,82,93,130,145,158,168,173,188,199,231],"external":[16,33],"shocks":[17,189],"on":[18,201],"economic":[19],"growth":[20,211,225],"(i.e.,":[21],"more":[24,30,212],"effective":[25],"in":[26,60,165,180,233],"countries":[27,235],"are":[29],"vulnerable":[31,234],"shocks).":[34],"Recently":[35],"an":[36,88],"important":[37],"debate":[38],"has":[39],"emerged":[40],"about":[41],"possible":[43],"volatility":[48,59,123,167,172,203,216],"itself.":[49],"However,":[50],"cushioning":[52],"effect":[53,198],"may":[56,85],"involve":[57],"some":[58],"flows,":[62],"which":[63,141,191],"then":[64],"not":[66,105,117],"necessarily":[67,118],"for":[69],"growth.":[70],"this":[72,218],"paper":[73],"examine":[75],"what":[77],"extent":[78,240],"time":[80],"profile":[81],"disbursements":[84],"contribute":[86],"increase":[89],"or":[90,152],"a":[91,238],"decrease":[92],"effectiveness.":[95],"We":[96,120],"first":[97],"show":[98],"aid,":[100],"even":[101,113],"if":[102,114],"volatile,":[103],"clearly":[106],"as":[107,109],"procyclical":[108],"often":[110],"argued,":[111],"and,":[112],"procyclical,":[115],"destabilizing.":[119],"measure":[121],"by":[124,162],"several":[125],"methods":[126],"and":[127,170,204],"assess":[128],"procyclicality":[129,144],"with":[132,147],"respect":[133,148],"exports,":[135],"thus":[136],"departing":[137],"from":[138],"literature,":[140],"usually":[142],"assesses":[143],"national":[150],"income":[151,202],"fiscal":[153],"receipts.":[154],"The":[155],"stabilizing/destabilizing":[156],"nature":[157],"measured":[161],"difference":[164],"exports":[169,177],"plus":[176],"flows.":[178],"Then,":[179],"order":[181],"take":[183],"into":[184],"account":[185],"diversity":[187],"can":[193],"respond,":[194],"consider":[196],"again":[205],"find":[206,222],"making":[210],"stable,":[213],"while":[214],"its":[215,243],"reduces":[217],"effect.":[219,245],"Finally,":[220],"evidence":[223],"through":[224],"regressions":[226],"higher":[229],"effectiveness":[230],"large":[239],"due":[241],"stabilizing":[244]},"counts_by_year":[{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-09-27T08:07:27.782135","created_date":"2016-06-24T00:00:00"}
