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...

Based on Amartya Sen's groundbreaking work on capabilities and functionings, static poverty measures have long used non-income indicators. In contrast, measures of poverty dynamics, including chronic poverty, have in general conceptualized poverty only in an income dimension. Hence, this paper...