The introduction of good governance in the economic growth and development agenda in the last two decades, along with the failure of aid conditionality to produce positive growth results, motivated ex-post selectivity instead of the ex-ante conditionality as a new approach to aid allocation....

This study analyzes the geographical patterns of aid in 38 sub-Saharan African countries from 2001 to 2020, focusing on the extent of spatial exclusion in aid allocation at the regional level. By incorporating the Multidimensional Poverty Index (MPI) with aid expenditure data, we reveal that...

Global governance refers to several pillars; one important pillar is the multilateral aid architecture. Its reform can be discussed under the perspectives of representativeness, inclusiveness, and efficiency (of aid delivery). A prerequisite for efficient aid delivery is to map the rising...

This empirical study investigates foreign aid’s effectiveness in stimulating growth by considering economic policies and the factors that influenced aid flow in Sri Lanka during the period of 1980-2008. For both analyses, a single-equation instrumental variable estimation method is employed....

Foreign Direct Investment (FDI) stimulates financial sector growth through the presence of foreign participation in investment in the nation. This paper explores the relationship between foreign direct investment and financial sector growth, providing empirical evidence from Nigeria. Annual...

The study attempts to examine the nature of causality between foreign capital inflows components and real GDP (economic growth) and also, the impact of foreign capital inflows on economic growth in Nigeria. The dynamic interaction among aid, remittance, FDI and external debt and growth of the...

Recent evidence suggests that aid induces migration. This result is nevertheless not very informative from a policy perspective since what counts in terms of welfare consequences is the composition of migration. In this paper we focus on education and study which of skilled or unskilled...

In the present work we try to find out whether the existence of positive international externalities generates an incentive for cooperation between governments and if the adoption of a transfer payments scheme moderates that intensive. We adopt a simple economic model incorporating the...

Im vergangenen Jahr haben die BRICS-Staaten (Brasilien, Russland, Indien, China und Südafrika) die New Development Bank und asiatische Staaten die Asian Infrastructure Investment Bank (AIIB) gegründet. Beide Entwicklungsbanken werden umfangreich vom chinesischen Staat finanziert. Sie stehen in...

IMF and World Bank were created after the Second World War as a result of monetary and fiscal Conference of the United Nations (UN) in the Bretton Wood, New Hampshire in July 1944. This conference was part of the efforts to finance the construction of Europe which was destroyed in the Second...