The present paper is an essay about the future of aid, understood as a global, durable, social phenomenon. Special attention is attached to the issue of governance, both the governance of aid itself, and institutional reforms in the recipient countries. A short review of literature on the topic...

Article about the problems of municipal governments related to fiscal consolidation in the Russian regions and the construction of the vertical of power during the first presidency of Vladimir Putin. The author analyzes the impact of the decline of the financial base of the city governments and...

The analysis of the relationship between ODA and capital flows is scarce and has provided cross-country ambiguous results. The purpose of our study is to explore the relation between FDI and ODA for Argentina and Brazil. We have divided the analysis into the macro and the micro approach. From...

As the global crisis surrounds us, Turkey, as a country with huge prospects, needs to establish new political and commercial links with the rest of the world in order to lessen the effects of the global crisis. This can be a way to take the load off Turkey’s shoulders. These links can be found...

The study focused on the early stage of Romania’s transition to the market economy during 1990-1992, based on statistical data available at that time. Because of the inherited structural distortions, the persistence of strong forces of inertia and the incoherence of economic and monetary...

Foreign investments remain an important source of economic growth in both developing and developed countries. Their contribution to capital formation, employment opportunities, revenues and technology to the host countries are likely to continue creating strong competition among countries in...

This paper uses affiliate level data from Swedish multinationals to examine the impact of tax treaties on both overall affiliate sales and the composition of those sales. In line with previous results, we find little evidence for an effect of treaties on the level of total sales. We do, however,...

There has been intense competition among developed and developing countries to attract foreign direct investment (FDI) in recent years. This competition for FDI is due to the fact that foreign capital creates employment and economic growth, augments the productive capital of a country, promotes...

This paper examines the microeconomic motivation of governments to provide tax incentives for foreign direct investment. Author applies the classical models of oligopoly to subsidy competition, endogenousing investment incentives, but leaving tax rates exogenous. According to the conventional...

This paper examines the influence of government transparency on changing views regarding nuclear energy before and after Japan’s natural and nuclear disaster of 2011. Individual level data were used, covering 45 countries and containing 27,423 observations. It was observed in the majority of...