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analyze a broad range of subnational stability measures in Africa. Aid by both the WB and China does not increase outright …
Persistent link: https://www.econbiz.de/10012104086
development finance projects across 3,097 physical locations committed to Africa over the 2000-2012 period. Our econometric …
Persistent link: https://www.econbiz.de/10011295794
countries. The illusion of sustained African apparel exports is created by late-bloomers in East Africa offsetting boom …-bust patterns in Southern Africa and insignificant responses in Central and West Africa. Firm-level customs data reveal that even in … East Africa the recent export growth was driven by new entrants rather than incumbent firms whose competitiveness might …
Persistent link: https://www.econbiz.de/10012024617
Chinese aid comes with few strings attached, allowing recipient country leaders to use it for domestic political purposes. The vulnerability of Chinese aid to political capture has prompted speculation that it may be economically ineffective, or even harmful. We test these claims by estimating...
Persistent link: https://www.econbiz.de/10012033099
Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...
Persistent link: https://www.econbiz.de/10003850507
We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the reasons why the real interest rates are significantly higher in Norway than in the rest of Europe. Finally we propose some institutional changes that can improve the policy...
Persistent link: https://www.econbiz.de/10011408405
In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries' development and geological characteristics and, importantly,...
Persistent link: https://www.econbiz.de/10013473916
The Developing Hispanic-Serving Institution (DHSI) Program is one of the largest federal grant programs that support Hispanic-Serving Institutions. We employ an eleven-year panel dataset of U.S. higher education institutions to implement a difference-in-differences (DID) design, two-way fixed...
Persistent link: https://www.econbiz.de/10015075064
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
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