We raise the hypothesis that aid specifically targeted at economic infrastructure helps developing countries attract higher FDI inflows through improving their endowment with infrastructure in transportation, communication, energy and finance. By performing 3SLS estimations we explicitly account...

We raise the hypothesis that aid specifically targeted at economic infrastructure helps developing countries attract higher FDI inflows through improving their endowment with infrastructure in transportation, communication, energy and finance. By performing 3SLS estimations we explicitly account...

This paper examines empirically whether Aid for Trade (AfT) programmes and Foreign Direct Investment (FDI) inflows affect export upgrading and, if so, whether their effects are complementary or substitutable. Export upgrading entails export diversification (including overall export...

The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...

The paper analyzes the heterogeneous direct and spillover effect of capital control on gross capital inflows to three major institutional sectors namely public sector, banks and corporate using spatial econometric models. The findings indicate that the direct effect of capital control moderates...

This paper examines possible heterogeneity in the direct and spillover effects of capital control on gross capital flows. First, I introduce signaling effect of capital control in a portfolio choice model with a multi-country set up to demonstrate the possibly heterogeneity in the direct effect...