The role of factor endowments and institutions as drivers of socio-economic change and development is a central theme … in economic and agrarian history. The common approach is to identify either factor endowments or institutions as triggers … of change. Meanwhile, institutions and factor endowments are interdependent and the puzzle is to identify the causality …

Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding … gaps in external liquidity and increasing demand for foreign borrowing. The paper also finds that Malawi suffered a heavy … after 1976 was transmitted worldwide and as a result, the rate of interest on Malawi debt rose (by 373%) from only 1.9% in …

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 …

institutions and the democracy consolidation hypothesis. We also find that aid has a non-linear effect on democracy. Openness has a …We investigate whether aid contributed to institutional development in transition economies. We find that aid flows … same time, total aid has no effect on overall quality of governance, while US aid appears to have a negative impact on some …

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 …

in government quality, it can be optimal to give more foreign aid to more corrupt countries. We build a multi …-country model of optimal aid in which we disentangle the correlation between aid and equilibrium corruption into two components: the … first one reflects variations in the quality of institutions and the second encompasses variations in productivity levels …

procedures)and outcomes (financial aid awards) at Texas public institutions of higher education. This study explored (1) whether … there were definable patterns in financial aid outcomes for students at Texas public institutions; (2) whether these … relationships between the financial aid outcomes and the processes used by financial aid administrators at Texas public institutions …

of windfalls and provide some new empirical evidence of the association between aid/natural resources and institutions in …Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly … and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In …