Economics, as a social science, is a discipline that seeks to ensure a sound relationship between man and the universe, paying attention to human factor the most. It relies on the assumption that man will become happy when he attains greater prosperity and seeks to ensure that every individual...

BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of loan commitments and the degree of concessionality using a panel vector autoregression model and...