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发展经济学workshop：Aid, China, and Growth: Evidence from a New Global Development Finance Dataset
发布日期：2017-11-01 12:54 来源：北京大学国家发展研究院
发展经济学workshop
时间：2017年11月1日（周三）13：30－15：00 pm
地点：北大国发院/中国经济研究中心小教室
主持人：张晓波、李力行、席天扬
主讲人：Austin Strange(哈佛大学)
题目：Aid, China, and Growth: Evidence from a New Global Development Finance Dataset
摘要：This paper introduces a new dataset of official financing—including foreign aid and other forms of concessional and non-concessional state financing—from China to 138 countries between 2000 and 2014. We use these data to investigate whether and to what extent Chinese aid affects economic growth in recipient countries. To account for the endogeneity of aid, we employ an instrumental-variables strategy that relies on exogenous variation in the supply of Chinese aid over time resulting from changes in Chinese steel production. Variation across recipient countries results from a country’s probability of receiving aid. Controlling for year- and recipient-fixed effects that capture the levels of these variables, their interaction provides a powerful and excludable instrument. Our results show that Chinese official development assistance (ODA) boosts economic growth in recipient countries. For the average recipient country, we estimate that one additional Chinese ODA project produces a 0.7 percentage point increase in economic growth two years after the project is committed. We also benchmark the effectiveness of Chinese aid vis-á-vis the World Bank, the United States, and all members of the OECD’s Development Assistance Committee (DAC). Our results indicate that Chinese, U.S., and OECD-DAC ODA have positive effects on economic growth, but we find no robust evidence that World Bank aid promotes growth. We also find that, irrespective of the funding source, less concessional and more commercially-oriented types of official finance do not boost economic growth. Finally, we test the popular claim that significant financial support from China impairs the effectiveness of grants and loans from Western donors and lenders. Our results do not support this claim.
主讲人简介：
Austin Strange (郝思诚) is a Ph.D. student in Harvard University's Department of Government researching international relations and Chinese foreign policies. His dissertation explores the political economy of maritime trade policies in late imperial China to better understand the origins of non-democratic foreign economic policy making. Austin received an M.S. from Zhejiang University and a B.A. from the College of William & Mary. More information about his research is available at austinstrange.org.
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发展经济学workshop：Aid, China, and Growth: Evidence from a New Global Development Finance Dataset
发布日期：2017-11-01 12:54 来源：北京大学国家发展研究院
发展经济学workshop
时间：2017年11月1日（周三）13：30－15：00 pm
地点：北大国发院/中国经济研究中心小教室
主持人：张晓波、李力行、席天扬
主讲人：Austin Strange(哈佛大学)
题目：Aid, China, and Growth: Evidence from a New Global Development Finance Dataset
摘要：This paper introduces a new dataset of official financing—including foreign aid and other forms of concessional and non-concessional state financing—from China to 138 countries between 2000 and 2014. We use these data to investigate whether and to what extent Chinese aid affects economic growth in recipient countries. To account for the endogeneity of aid, we employ an instrumental-variables strategy that relies on exogenous variation in the supply of Chinese aid over time resulting from changes in Chinese steel production. Variation across recipient countries results from a country’s probability of receiving aid. Controlling for year- and recipient-fixed effects that capture the levels of these variables, their interaction provides a powerful and excludable instrument. Our results show that Chinese official development assistance (ODA) boosts economic growth in recipient countries. For the average recipient country, we estimate that one additional Chinese ODA project produces a 0.7 percentage point increase in economic growth two years after the project is committed. We also benchmark the effectiveness of Chinese aid vis-á-vis the World Bank, the United States, and all members of the OECD’s Development Assistance Committee (DAC). Our results indicate that Chinese, U.S., and OECD-DAC ODA have positive effects on economic growth, but we find no robust evidence that World Bank aid promotes growth. We also find that, irrespective of the funding source, less concessional and more commercially-oriented types of official finance do not boost economic growth. Finally, we test the popular claim that significant financial support from China impairs the effectiveness of grants and loans from Western donors and lenders. Our results do not support this claim.
主讲人简介：
Austin Strange (郝思诚) is a Ph.D. student in Harvard University's Department of Government researching international relations and Chinese foreign policies. His dissertation explores the political economy of maritime trade policies in late imperial China to better understand the origins of non-democratic foreign economic policy making. Austin received an M.S. from Zhejiang University and a B.A. from the College of William & Mary. More information about his research is available at austinstrange.org.
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