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Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for … finding a measure of political importance that is not plagued by endogeneity and obtaining data on IMF conditionality. We … available dataset on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the …
Persistent link: https://www.econbiz.de/10009765008
Performance-based aid has been proposed as an alternative to the failed traditional approach whereby donors make aid conditional on the reform promises of recipient countries. However, hardly any empirical evidence exists on whether ex post rewards are effective in inducing reforms. We attempt...
Persistent link: https://www.econbiz.de/10009127656
In 2014 over $60 billion was mobilized to help developing nations mitigate climate change, an amount equivalent to the GDP of Kenya. Interestingly, breaking from the traditional model of bilateral aid, donor countries distributed nearly fifty percent of their aid through multilateral aid funds...
Persistent link: https://www.econbiz.de/10011452801
Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in … damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes …
Persistent link: https://www.econbiz.de/10014399551
We examine how donor government ideology influences the composition of foreign aid flows. We use data for 23 OECD countries over the period 1960]2009 and distinguish between multilateral and bilateral aid, grants and loans, recipient characteristics such as income and political institutions,...
Persistent link: https://www.econbiz.de/10009764976
We use an excludable instrument to test the effect of 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 fractionalization...
Persistent link: https://www.econbiz.de/10011343084
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/10009724012
The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...
Persistent link: https://www.econbiz.de/10011539046
This paper assesses whether conditionality in IMF-supported programs has helped offset the potential negative effect of …-income countries-shows that growing use of revenue conditionality by low-income countries partially offsets the depressing effect of … foreign grants on tax revenue, particularly on taxes on goods and services. The impact of conditionality is strong in …
Persistent link: https://www.econbiz.de/10011711794
While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible … negative impact of IMF conditionality on countries' willingness to ask for an IMF programme - often termed "IMF stigma" - has … never had an IMF programme, we include neighbours' past IMF conditionality. Our results indicate strong learning from own …
Persistent link: https://www.econbiz.de/10011624193