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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
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009630635
We introduce a new "supply-push" instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption, investment,...
Persistent link: https://www.econbiz.de/10010417985
causal effects of a country’s aid receipts on both total refugee flows to the world and flows to donor countries. The …
Persistent link: https://www.econbiz.de/10011794246
́political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is …
Persistent link: https://www.econbiz.de/10009764394
This paper empirically studies the impact of decentralization on foreign aid effectiveness. For this purpose, we examine a commonly used empirical growth model, considering aid modality as well as different measures of political and fiscal decentralization. Our panel estimations reveal that...
Persistent link: https://www.econbiz.de/10003966487
This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...
Persistent link: https://www.econbiz.de/10011450308
This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should increase aid effectiveness, since local decision-makers are better informed about local needs. At the same...
Persistent link: https://www.econbiz.de/10003887528
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
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization …
Persistent link: https://www.econbiz.de/10009488896