Local Financial Development and the Aid-Growth Relationship

Nkusu, Mwanza

With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear relationship. In this paper, we investigate a new hypothesis regarding this relationship: that deeper financial markets in aid-recipient countries facilitate the management of aid flows, thereby enhancing aid effectiveness. An empirical analysis, using a panel data set, finds robust support for the hypothesis

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Year of publication:	2004
Authors:	Nkusu, Mwanza
Other Persons:	Nkusu, Mwanza (contributor) ; Sayek, Selin (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Finanzmarkt \| Financial market \| Wirtschaftswachstum \| Economic growth \| Entwicklungshilfe \| Development aid \| Armut \| Poverty

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Extent:	Online-Ressource (34 p)
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. Working Paper No. 04/238
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper
Language:	English
ISBN:	1-4518-7577-0 ; 978-1-4518-7577-5
Other identifiers:	10.5089/9781451875775.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014404145