In this paper we analyze the relationship between the correlation between morality and human capital (“ability”) on the one hand and aggregate economic performance on the other. Morality is defined as an aversion to consuming goods obtained through appropriative rather than productive...

The recent global financial crisis placed new economic and fiscal pressures on donor countries that may have long-term effects on their ability and willingness to provide aid. Not only did donor-country incomes fall, but the cause of the drop — the banking and financial-sector crisis — may...

Aid potentially can contribute to democratization in several ways: (1) through technical assistance focusing on electoral processes, the strengthening of legislatures and judiciaries as checks on executive power, and the promotion of civil society organizations, including a free press; (2)...

This county-level study examines factors associated with the rate of voided presidential ballots in the 1996 elections. Evidence indicates that voided ballots are significantly more prevalent in counties with higher percentages of African Americans and Hispanics. The relationship between voided...

This chapter surveys the major contributions to the rapidly growing empirical literature on social capital and economic performance, focusing primarily on cross-country approaches. It first addresses characteristics of governments that fall under broad definitions of the term social capital. It...

This study investigates the impact of World Bank development policy lending on the quality of economic policy. It finds that the quality of policy increases, but at a diminishing rate, with the cumulative number of policy loans. Similar results hold for the cumulative number of conditions...

This study analyzes the validity of the World Bank's Country Policy and Institutional Assessments governance ratings, an important factor in allocating the Bank's concessionary International Development Association funds. It tests for certain biases in the ratings, and examines the quality of...

The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...