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-income countries. While its allocation has been shown to be influenced by donors' foreign policy considerations, power relations within …
Persistent link: https://www.econbiz.de/10011846259
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
The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...
Persistent link: https://www.econbiz.de/10011794229
The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...
Persistent link: https://www.econbiz.de/10010412862
We analyze diverse and heterogenous literature to grasp the general effect size of financial development on economic growth on a world scale. For that, we perform by far the largest available meta-analysis of the finance-growth nexus using 3561 estimates collected from 177 studies. Our...
Persistent link: https://www.econbiz.de/10014422579
target aid to the poor and deserving are increasingly disputed. We contribute to the emerging literature on the allocation of …, we cover the allocation of both self-financed and officially co-financed aid for a large panel of NGOs and recipient … peers. Officially refinanced NGOs are more inclined to imitate the allocation of ODA. However, the degree of financial …
Persistent link: https://www.econbiz.de/10003832118
allocation decisions. We estimate the determinants of China's allocation of project aid, food aid, medical teams and total aid … money to developing countries, comparing its allocation decisions with traditional and other so-called emerging donors. We … find that political considerations are an important determinant of China's allocation of aid. However, in comparison to …
Persistent link: https://www.econbiz.de/10009302132
Earlier meta-analyses of the economic impact of climate change are updated with more data, with three new results: (1) The central estimate of the economic impact of global warming is always negative. (2) The confidence interval about the estimates is much wider. (3) Elicitation methods are most...
Persistent link: https://www.econbiz.de/10013362448
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012229266
. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin …
Persistent link: https://www.econbiz.de/10012104003