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 …

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 …

Japan has an impressive history when it comes to aid, industrial policy, and infrastructure development, both as a … aid is questioned, few actors can offer more useful experience. Restoring structural transformation as a donor priority …, and recognizing the critical role it played in the development of Japan, is a vital step towards making the real gains aid …