Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - Federal Reserve Bank of St. Louis - 2013
Compared to foreign grants, do concessional loans from foreign governments and/or unsubsidized loans from foreign private banks lead to faster growth in developing nations? The answer has implications for aid agencies (i) in allocating a given amount of resources between grants and concessional...