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 …

of relative unit labor costs on manufacturing sector value added, employment, investment and exports. We find that … relative unit labor costs have a smaller effect on manufacturing performance in Africa relative to other developing regions …. Further, we find that for Africa, the level and growth of labor productivity have a quantitatively stronger and more robust …

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 … 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 …

Donor aid is often regarded as being informally tied (aid increases donorrecipient exports) and this effect is, in … also positively associated with recipient-donor exports. That is, aid increases bilateral trade ows in both directions. Our … relation between aid in the form of technical assistance and exports in both directions. When we disaggregate aid to …