Showing 1 - 10 of 474
This paper analyzes the impact of donor fragmentation on the quality of government bureaucracy in aid-recipient nations …-country empirical tests using an index of bureaucratic quality available for aid-recipient nations over the 1982-2001 period. Declines … a small share of aid), and with smaller shares of aid coming from multilateral agencies, a proxy for donor quot;altruism.quot …
Persistent link: https://www.econbiz.de/10012746896
There are significant weaknesses in some of the traditional justifications for assuming that aid will foster … development. This paper looks at what the cross-country aid effectiveness literature and World Bank Operations Evaluation … Department reviews have suggested about effective aid, first in terms of promoting income growth, and then for promoting other …
Persistent link: https://www.econbiz.de/10012747979
This study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of...
Persistent link: https://www.econbiz.de/10012840715
Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide …, natural disasters, and financial crises, and are robust to instrumenting with predetermined aid commitments. The implied … leakage rate is around 7.5 percent at the sample mean and tends to increase with the ratio of aid to GDP. The findings are …
Persistent link: https://www.econbiz.de/10012841192
This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing....
Persistent link: https://www.econbiz.de/10012869701
Some multilateral agencies implement aid projects in a broad range of sectors, with aid disbursements showing a strong … aid to non-specialized agencies for implementation? This paper develops a game theoretic model to explain this puzzle …. Donors delegate aid implementation to the multilateral agency (ML) to strengthen the policy selectivity of aid, incentivizing …
Persistent link: https://www.econbiz.de/10012970782
inflows. However, aid and foreign direct investment inflows enhance growth, while sovereign debt inflows do not. A 1 percent … increase in the level of real aid inflows raises growth of real output per capita by 0.022 percentage point. For foreign direct …
Persistent link: https://www.econbiz.de/10012971630
This paper examines the correlates of success of development policy lending operations of the World Bank between 2004 and 2012. The paper uses a data set constructed of individual loan characteristics and ex-post loan ratings produced by the World Bank's Independent Evaluation Group. Departing...
Persistent link: https://www.econbiz.de/10012972006
Aid is good for the poor. This paper uses detailed aid data spanning 60 developing countries over the past two decades … to show that social aid significantly and directly benefits the poorest in society, while economic aid increases the … only utilized aggregate aid data and returned ambiguous results. The paper also confirms that none of the elements of …
Persistent link: https://www.econbiz.de/10012972919
exporters are low-income countries that are still receiving substantial levels of foreign aid. Resource discoveries open up … successfully are those with weaker institutions, and these are most likely to remain as clients of the aid system. This paper … the focus and nature of foreign aid programs will need to change, including the level of financial assistance. The paper …
Persistent link: https://www.econbiz.de/10012973047