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Does foreign aid really attract foreign investors? : new evidence from panel cointegration ; conference paper

Donaubauer, Julian - 2014

This paper examines whether foreign aid contributes to attracting foreign direct investment (FDI) in aid receiving … countries. Using both homogeneous and heterogeneous panel cointegration techniques, I find that the effect of foreign aid on FDI …

Persistent link: https://www.econbiz.de/10010487263

Imperfect financial markets, external debt, and the cyclicality of social transfers : conference paper

Frömel, Maren - 2013 - Preliminary

This paper deals with fiscal policy over the business cycle when international financial markets are imperfect. I document evidence that government expenditure tends to be more procyclical the higher is the borrowing cost for a sovereign. Decomposing government expenditure components shows that...

Persistent link: https://www.econbiz.de/10010341002