This paper analyses macroeconomic aspects of exit from aid-dependence. By 'exit from aid', we mean substantial and … similar and very high degrees of dependence on international aid but followed dramatically different trajectories of aid …. We find that the likelihood of exit from aid increases significantly with macroeconomic stability in the sense of …

The empirical literature has failed to reach consensus on the impact of aid on development outcomes based on aggregate … cross-country analysis. This study follows the current trend in the literature on the effectiveness of aid to examine the … impact of local-level aid on health outcomes. We combine data on World Bank's geo-located aid projects with three rounds of …

Why would bilateral donors intermediate aid through a multilateral and not extend aid directly? This paper suggests a … regressions with bilateral-pair, fixed effects to model aid allocation decisions. The results confirm that politics is important … for bilateral donors but also that aid fragmentation and strategic behavior affect aid allocation. Multilaterals solve …

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting … resources towards unproductive activities? In this paper we explore this question using data for a large number of developing … marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive …

We explore whether foreign aid affects developing countries' creditworthiness, as proxied by the Institutional Investor … current aid reduces the likelihood of future default. We then test this hypothesis, using a data set that covers a large … number of developing countries in the 1980s and 1990s. While the size of the effect differs across types of aid and country …

Kenya has ascribed to the Millennium Declaration and is already in the process of mobilising resources and instituting … requirements are not extremely large to reach the MDGs in Kenya. If the resources are effectively used and targeted to MDG sectors … than others. The target of 100 percent completion in primary school can be achieved with some additional resources targeted …

the distribution of government resources in a simple repeated agency model. In equilibrium, aid flows are backloaded and …Foreign aid donors and recipient governments often have conflicting objectives. Foreign donors may attempt to influence … the policies of recipient governments by offering aid or threatening to suspend aid to sovereign states. This paper …