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 …

Economic vulnerability is approached from micro- and macroeconomic perspectives. While the microeconomic perspective is … impact of these shocks on economic growth. This paper reviews the literature on macroeconomic vulnerability and finds that … there is no single approach to understanding macroeconomic vulnerability in the context of financial and economic crises in …

Much research to date has tended to view vulnerability by discipline or sector, yet individuals and households …-dimensional vulnerability is likely to become an increasingly important concept if the outlook over the next 15 to 25 years is one of multiple … intellectual strands involved in multi-dimensional vulnerability analysis. In light of the above, this paper reviews the literature …

Uncertainty and unpredictability faced by low-income households increase their vulnerability making poverty even more … vulnerability. A theoretical framework is developed to examine the mechanisms through which the pecuniary and non-pecuniary effects …. Going beyond the traditional poverty estimates, we use a vulnerability measure which quantifies the welfare loss associated …

international migration and remittances, using a formal, practical, and easily decomposable vulnerability measure. Our strategy is … significantly lower measured vulnerability to poverty, those households receiving remittances from migrants had a lower …We examine vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by …