Sayanak, Tejashree; Lahiri, Sajal - In: Review of Development Economics 13 (2009) s1, pp. 403-415
The authors develop a theoretical model of foreign aid to analyze a method of disbursement of aid which induces the recipient government to follow a more pro-poor policy than it otherwise would do. In their two-period model, aid is given in the second period and the volume of it depends on the...