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Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10009765008
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10009757253
We investigate whether elected members of the United Nations Security Council receive favorable treatment from the International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the period of 1992 to...
Persistent link: https://www.econbiz.de/10010337309
organizations. We test this theory empirically by examining how the United States uses bilateral aid and IMF loans to buy other … 1960-2015 period, our results show that states allied with the US receive more bilateral aid when voting in line with the …
Persistent link: https://www.econbiz.de/10011927941
We provide cross-country evidence that rejects the traditional interpretation of the natural resource curse. First, growth depends negatively on volatility of unanticipated output growth independent of initial income, investment, human capital, trade openness, natural resource dependence, and...
Persistent link: https://www.econbiz.de/10013134342
Economists have long discussed the negative effect of Dutch disease episodes on the non-resource tradable sector as a whole, but little has been said on its impact on the composition of the non-resource export sector. This paper fills this gap by exploring to what extent concentration of a...
Persistent link: https://www.econbiz.de/10013239926
Proposals for incorporating information on the quality of human, social, and environmental conditions in more authentic and comprehensive versions of the Gross National Product (GNP) or Gross Domestic Product (GDP) date back to the foundations of econometrics.Typically treated as external to...
Persistent link: https://www.econbiz.de/10013211173
Proposals for incorporating information on the quality of human, social, and environmental conditions in more authentic and comprehensive versions of the Gross National Product (GNP) or Gross Domestic Product (GDP) date back to the foundations of econometrics. Typically treated as external to...
Persistent link: https://www.econbiz.de/10014187122
We introduce a new "supply-push" instrument for foreign aid, to be used together with an instrumental variable … estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios …, and especially the ratios of consumption, investment, imports and exports to GDP. We cannot reject the hypothesis that aid …
Persistent link: https://www.econbiz.de/10010417985
This paper explores the impact of foreign aid on economic growth using variation in aid inflows from natural disasters …. Because using a country's own disaster exposure as an instrument for aid inflows violates exogeneity assumptions, I instead … use the disaster exposure of a country's "aid neighbors," defined as its competitors for aid from donors. Using aid …
Persistent link: https://www.econbiz.de/10014153490