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Fueling Conflict? (De)Escalation and Bilateral Aid

Bluhm, Richard - 2016

This paper studies the effects of bilateral foreign aid on conflict escalation and de-escalation. We make three major …-sided and multifaceted nature of conflict. Second, we develop a novel empirical framework. We propose a dynamic ordered probit … aid on conflict by predicting bilateral aid flows based on electoral outcomes of donor countries that are exogenous to …

Persistent link: https://www.econbiz.de/10012979126

Will HIPC matter? The debt game and donor behaviour in Africa

Birdsall, Nancy; Claessens, Stijn; Diwan, Ishac - 2002

In this paper we focus on the question: will the HIPC debt reduction programme help in the transformation of the development assistance business and change the rules of the ‘debt game’ in Africa? We concentrate on the donor and official creditor side, by exploring how the growing debt of...

Persistent link: https://www.econbiz.de/10010279105

Debt dynamics and contingency financing: Theoretical reappraisal of the HIPC initiative

Nissanke, Machiko; Ferrarini, Benno - 2001

The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt sustainability in the context of the intertemporal borrowing...

Persistent link: https://www.econbiz.de/10010279147

Aid and Growth. New Evidence Using an Excludable Instrument

Dreher, Axel - 2017

We use an excludable instrument to test the effect of bilateral foreign aid on economic growth in a sample of 96 recipient countries over the 1974-2009 period. We interact donor government fractionalization with a recipient country's probability of receiving aid. The results show that...

Persistent link: https://www.econbiz.de/10012970832

External debt and growth in developing countries: A sensitivity and causal analysis

Chowdhury, Abdur R. - 2001

The paper aims to enhance the existing literature on the debt-growth nexus by analysing the relationship in two separate country groups using the extreme bounds analysis for sensitivity tests and the mixed, fixed, and random coefficient approach that allows for heterogeneity in the causal...

Persistent link: https://www.econbiz.de/10010330116

Does the HIPC initiative achieve its goal of debt sustainability?

Gunter, Bernhard G. - 2001

This paper examines the question if the Heavily Indebted Poor Country (HIPC) Initiative provides a good basis for the HIPCs to exit from repeated debt rescheduling. Building on other reviews of the HIPC Initiative, the paper begins with a short summary of some key problems of the HIPC...

Persistent link: https://www.econbiz.de/10010279007

Debt relief and the rule of thumb: Analytical history of HIPC debt sustainability targets

Hjertholm, Peter - 2001

This paper traces the origins of HIPC debt sustainability targets. These targets are interpreted as ‘switching values’, below which countries are expected to avoid debt service problems, but as such, they do not take into account that countries encounter debt problems for a variety of...

Persistent link: https://www.econbiz.de/10010279180

Harnessing Windfall Revenues : Optimal Policies for Resource-Rich Developing Economies

van der Ploeg, Rick - 2009

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Persistent link: https://www.econbiz.de/10012764524

Aid and growth: Have we come full circle?

Arndt, Channing; Jones, Sam; Tarp, Finn - 2009

The micro-macro paradox has been revived. Despite broadly positive evaluations at the micro and meso-levels, recent literature has turned decidedly pessimistic with respect to the ability of foreign aid to foster economic growth. Policy implications, such as the complete cessation of aid to...

Persistent link: https://www.econbiz.de/10010323535

Of Donor Coordination, Free-Riding, Darlings, and Orphans : The Dependence of Bilateral Aid on Other Bilateral Giving

Davies, Ronald B. - 2013

Using data from 1988 to 2007, we examine to what extent bilateral aid flows of an individual donor to a country depend on aid flows from all other bilateral and multilateral donors to that country. We thereby want to assess to what extent donor coordination, free-riding, selectivity,...

Persistent link: https://www.econbiz.de/10013083870

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