This paper examines fungibility as a possible explanation for the "missing link" between foreign aid and economic growth. The composition of aid plays a crucial role in determining the composition of government spending and, consequently, the magnitude of fungibility and its impact on growth....

The study investigates the financing development expenditures through development aid and its impact on economic growth in Pakistan using time series data for the time period 1980-2012. Ordinary least square (OLS) has been applied for the estimation of model and instrumental variables are...

Part I Inside the Donor World -- 1. Background: A Sketch of the Development Industry -- 2. The Imperative to Spend -- 3. Product Development -- 4. Control, Compliance, and More Control -- 5. Procurement -- 6. Numbers, Indicators, and Technical Objectivity -- 7. Chronic Ills of the Industry -- 8....

This report is comprised of two volumes. Global Development Finance (GDF) 2009 volume one provides analysis of key trends and prospects, including coverage of the role of international banking in developing countries. Volume two provides summary and country tables and contains statistical tables...