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Who Gives Foreign Aid to Whom and Why?
Alesina, Alberto - 1998
This paper studies the pattern of allocation of foreign aid from various donors to receiving countries. We find considerable evidence that the direction of foreign aid is dictated by political and strategic considerations, much more than by the economic needs and policy performance of the...
Persistent link: https://www.econbiz.de/10012472199
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The Effect of Aid on Growth : Evidence from a Quasi-Experiment
Galiani, Sebastian - 2016
The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...
Persistent link: https://www.econbiz.de/10012456511
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Aid and Growth : What Does the Cross-Country Evidence Really Show?
Rajan, Raghuram G. - 2005
We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after thiscorrection, we find little robust evidence of a positive (or negative) relationship...
Persistent link: https://www.econbiz.de/10012467166
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Politics and the Effectiveness of Foreign Aid
Boone, Peter David - 1995
Critics of foreign aid programs have long argued that poverty reflects government failure. In this paper I analyze the effectiveness of foreign aid programs to gain insights into political regimes in aid recipient countries. My analytical framework shows how three stylized political/economic...
Persistent link: https://www.econbiz.de/10012473562
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Large Hoarding of International Reserves and the Emerging Global Economic Architecture
Aizenman, Joshua - 2007
This paper analyzes competing interpretations for the large increases in the hoarding of international reserves by developing countries. While the first phase of the rapid hoarding of reserves in the aftermath of the East Asian crisis has been dominated by self insurance against exposure to...
Persistent link: https://www.econbiz.de/10012465374
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Globalization and Poverty
Harrison, Ann - 2006
This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of globalization: trade and international capital flows. Past researchers have argued that global economic integration should help the poor since poor countries have a comparative advantage...
Persistent link: https://www.econbiz.de/10012466318
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Financial Development and the Choice of Trade Partners
Chan, Man Lung - 2013
What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...
Persistent link: https://www.econbiz.de/10012459794
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Can the Doha Round be a Development Round? Setting a Place at the Table
Bagwell, Kyle - 2011
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
Persistent link: https://www.econbiz.de/10012461008
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Intra-Industry Foreign Direct Investment
Alfaro, Laura - 2007
We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...
Persistent link: https://www.econbiz.de/10012465202
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A Decomposition of Global Linkages in Financial Markets Over Time
Forbes, Kristin J. - 2003
This paper tests if real and financial linkages between countries can explain why movements in the world's largest … between the world's 5 largest economies and about 40 other markets to decompose the cross-country factor loadings into: direct … to be the most important determinant of how movements in the world's largest markets affect financial markets around the …
Persistent link: https://www.econbiz.de/10012469145