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A core result of the aid allocation literature is that the quality of governance in recipient countries does not affect … through different channels and considering different dimensions of governance, we provide evidence that bypassing governments …
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Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are...
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. The results indeed confirm the popular conjecture that corruption in Ghana is endemic and stifles development. Therefore … from 1970-2013, taking into account structural breaks. To better reflect causality, corruption and trade are included as … causal direction. Our estimation results suggest GDP growth has one cointegrating vector relationship with corruption, EU aid …
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