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L’impact socio-économique et environnemental de la pauvreté et des inégalités en Afrique
Despite several studies conclude to negative effect of climate change on food security, little is known about the role that foreign aid flows can play in dampening the effect of climate change. This paper is an empirical contribution to the literature on the effectiveness of foreign aid. It investigates the role of aid in mitigating the adverse effect of climatic shocks on food security in developing countries. Because foreign aid flows are important sources of revenues of developing countries (particularly least developing countries (LDCs)), they can enable them to face climatic shocks by mobilizing or stabilizing resources for the financing of agriculture production or food import.
Using panel data for 71 developing countries over the period 1970-2008, our results show that foreign aid significantly dampens the effect of climatic shocks on food security. More interestingly, it appears that the marginal effect of aid is high for countries that are more vulnerable food prices shocks.