Showing 1 - 10 of 6,620
Persistent link: https://www.econbiz.de/10003497729
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
A low-income country such as Haiti that confronts an environment of diminishing aid inflows must assess tradeoffs among the available policy options: spending cuts, monetization, sales of debt, or use of foreign reserves. To provide the analytical tools for this task, the paper draws from a set...
Persistent link: https://www.econbiz.de/10011932211
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
be subject to conditionality. We show that budget support is preferable to project aid when donors and recipients …
Persistent link: https://www.econbiz.de/10014403826
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
This paper proposes a simple framework to better understand an opposition group's choice between peace, terrorism, and open civil conflict against the government. Our model implies that terrorism emerges if constraints on the ruling executive group are intermediate and rents are sizeable, hereas...
Persistent link: https://www.econbiz.de/10011754212
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent-seeking as opposed to productive activities. We construct a model of a small growing open economy that distinguishes two effects from foreign transfers: (i) a direct positive...
Persistent link: https://www.econbiz.de/10011402546
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
International economic engagement has been increasingly framed in terms of liberal democratic values. Specifically, Chinese aid has been at the center of this debate. Since Chinese aid comes with "no strings attached," a popular narrative is that Chinese aid poses a challenge to conditional aid,...
Persistent link: https://www.econbiz.de/10013266063