Conditional Cash Transfers (CCTs) provide income to the poor in an effort to improve current welfare and promote investment in human and social capital to prevent future deprivation. So far, the impact evaluation literature has focused on estimating current effects on outcomes such as school...

We address the question of whether foreign aid helps attract foreign direct investment (FDI). This could be achieved if well targeted aid removed critical impediments to higher FDI inflows. In particular, we test the hypothesis that aid for education is an effective means to increase FDI flows...