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Title: Corruption, foreign aid and welfare of the poor
Other Titles: Fu bai, guo ji yuan zhu yi ji pin qiong ren kou de fu li shui ping
腐敗, 國際援助以及貧窮人口的福利水平
Authors: Li, Xindun (李新頓)
Department: Department of Economics and Finance
Degree: Master of Philosophy
Issue Date: 2009
Publisher: City University of Hong Kong
Subjects: Political corruption -- Economic aspects.
Economic assistance.
Notes: CityU Call Number: JF1081 .L54 2009
v, 152 leaves : ill. 30 cm.
Thesis (M.Phil.)--City University of Hong Kong, 2009.
Includes bibliographical references (leaves 137-142)
Type: thesis
Abstract: This research studies the impact of foreign aid and corruption on the welfare of various classes of people in an economy which receives foreign aid and uses it to finance a public good. We formulate and analyze a 3×3 general equilibrium model with foreign aid and corruption. Our results show that, under certain circumstances, the poor in the recipient country may even get worse off with more aid when corruption is rampant. By calibrating the model to data from Kenya and other African aid recipient economies, we provide empirical evidence to support the counter-intuitive result: that foreign aid could be welfare immiserizing. Keywords: Foreign aid; Corruption; Welfare; Income Gap; Poor; Aid Recipient Economy; General Equilibrium; Immiserizing.
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Appears in Collections:EF - Master of Philosophy

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