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Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are...
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. Scholarship on elite clientelism links cabinet positions with corruption and practices that undermine sound policy making. This … measures of governance. The associations are robust in a regression framework that exploits within-country variation over time … simplistic policy prescriptions, a sizable increase in the number of ministers is likely bad news for governance …
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