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On the Preferred Creditor Status of Multilateral Development Banks

Amegashie, J. Atsu - 2023

The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …

Persistent link: https://www.econbiz.de/10014347019

Can Aid Buy Foreign Public Support? Evidence from Chinese Development Finance

Wellner, L; Dreher, Axel; Fuchs, Andreas; Parks, Brad; … - 2022

data from the Gallup World Poll for 126 countries over the 2006–2017 period and identify causal effects with (i) an event …

Persistent link: https://www.econbiz.de/10013293845

Chinese Aid and Health at the Country and Local Level

Cruzatti C., John - 2020

We investigate whether and to what extent Chinese development finance affects infant mortality, combining 92 demographic and health surveys (DHS) for a maximum of 53 countries and almost 55,000 sub-national locations over the 2002-2014 period. We address causality by instrumenting aid with a set...

Persistent link: https://www.econbiz.de/10012831648

The Risks of Nation-Building Through Military Aid and Intervention

Dimant, Eugen; Krieger, Tim; Meierrieks, Daniel - 2022

This chapter discusses the role of military interventionism and aid in nation-building. We argue that (1) intervention strategies of foreign actors like the United States often unfavorably interact with local institutional settings, which (2) produces undesired outcomes not only for the target...

Persistent link: https://www.econbiz.de/10014244345

Economic Policy Uncertainty : Persistence and Cross-Country Linkages

Aikins Abakah, Emmanuel Joel - 2020

This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...

Persistent link: https://www.econbiz.de/10012833734

Diasporas and Economic Development : A Review of the Evidence and Policy

Bahar, Dany - 2020

The paper reviews recent literature on the economics of migration and diasporas, focusing on economic gains and opportunities that these diasporas could represent for home countries. In addition, the paper discusses policies aimed at leveraging this "diaspora capital"

Persistent link: https://www.econbiz.de/10012841140

International Value-Added Linkages in Development Accounting

Cuñat, Alejandro - 2018

We generalise the traditional development-accounting framework to an open-economy setting. In addition to factor endowments and productivity, relative factor costs emerge as a source of real-income variation across countries. These are shaped by bilateral trade determinants (which underpin the...

Persistent link: https://www.econbiz.de/10012908693

Political Risk and Real Exchange Rate : What Can We Learn from Recent Developments in Panel Data Econometrics for Emerging and Developing Countries?

Bahmani‐Oskooee, Mohsen - 2019

This paper focuses on the analysis of the long-run response of the Real Exchange Rate (RER) to political risks and tests whether non-economic variables have an impact on RER in 31 emerging and developing countries. We use annual data from the International Country Risk Guide database over the...

Persistent link: https://www.econbiz.de/10012892145

Stigma or Cushion? IMF Programs and Sovereign Creditworthiness

Gehring, Kai - 2018

IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...

Persistent link: https://www.econbiz.de/10012920590

The costs of favoritism: Is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10010332994

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