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We present a two-step approach of assessing whether major donors of foreign aid have met recent demands for less proliferated and better coordinated aid efforts. First, we calculate Theil indices revealing the concentration of each donor's aid on recipient countries and specific aid sectors....
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panel data set for Serbia, this paper combines both of these issues. Estimation of gross transition probabilities reveals …
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We analyse the dynamics of public debt in Serbia between 2004Q3 and 2014Q3. Our results are as follows: i) traditional … arrival of the Great Recession to Serbia; v) the estimated SETAR model shows how public debt persistence tends to be higher …
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