-country model of optimal aid in which we disentangle the correlation between aid and equilibrium corruption into two components: the … in government quality, it can be optimal to give more foreign aid to more corrupt countries. We build a multi … first one reflects variations in the quality of institutions and the second encompasses variations in productivity levels …

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting … marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive …

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting … marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive …

Motivated by the lack of sub-national empirical evidence on the relationship between aid and institutional development …, this study explores the local effects of World Bank aid on perceived institutional quality in African aid receiving … countries. We combine geo-referenced data on the subnational allocation of World Bank aid projects to Africa over the 1995 …

This paper proposes that aid flowing to smaller (less populous) countries has a negative impact on the quality of … institutions in terms of performance and policy as opposed to that flowing to larger countries, where evidence suggests that the … impacts are positive. The analysis here suggests that the level of development, the size of an economy, and the level of aid …

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting … marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive …

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting … marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive …