Showing 1 - 10 of 457
Bilateral donors use foreign aid to pursue soft power. We test the effectiveness of aid in reaching this goal by leveraging a new dataset on the precise commitment, implementation, and completion dates of Chinese development projects. We use data from the Gallup World Poll for 126 countries over...
Persistent link: https://www.econbiz.de/10013167192
This paper studies the causal effect of transport infrastructure on the spatial concentration of economic activity. Leveraging a new global dataset of geo-located Chinese government-financed projects over the period from 2000 to 2014 together with measures of spatial inequality based on...
Persistent link: https://www.econbiz.de/10012226698
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
observe long-run effects after four three-year periods, which appear to be driven by lagged positive effects of aid on growth. …
Persistent link: https://www.econbiz.de/10011794246
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10003948233
We use an excludable instrument to test the effect of foreign aid on economic growth in a sample of 96 recipient … and excludable instrument. Making use of the instrument, our results show no significant effect of aid on growth in the … (where abundant aid reduces growth), we find no significant effect of aid on growth in any of these sub-samples. None of the …
Persistent link: https://www.econbiz.de/10011343084
investigate whether geopolitical motives matter by testing whether the effect of aid on economic growth is reduced by the share of … provides quasi-random variation in commitments. Our results show that the effect of aid on growth is significantly lower when … reduces growth. Second, political interest variables are invalid instruments for aid, raising doubts about a large number of …
Persistent link: https://www.econbiz.de/10009764394
We present a new mechanism to explain politically induced changes in bilateral aid. We argue that shifts in the foreign policy alignment between a donor and a recipient country arising from leadership changes induce reallocation of development aid. Utilizing data from the G7 and 133 developing...
Persistent link: https://www.econbiz.de/10011521976
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
While conditions in trade finance markets returned to normality in the main routes of trade, the structural difficulties of poor countries in accessing trade finance have not disappeared - and might have been worsened during and after the global financial crisis. In fact, there is a consistent...
Persistent link: https://www.econbiz.de/10011434595