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Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...
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This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
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that trigger migration. People may well want to stay in or move to relatively poor countries if institutions are good …, partly because good institutions have an intrinsic value for people and partly because good institutions may be a sign of … levels, we find that institutional quality matters significantly for migration. Poor institutions act as a push factor, while …
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The notion that foreign aid harms the institutions of recipient governments remains prevalent. We combine new … disaggregated aid data and various metrics of political institutions to re-examine this relationship. Long-run cross-section and … alternative dynamic panel estimators show a small positive net effect of total aid on political institutions. Distinguishing …
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