We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has...

Les trois premiers Forums ont fait émerger un discours apparemment consensuel sur l’efficacité de l’aide, nourri d’un vocabulaire convenu, d’autant mieux accepté qu’il était souvent ambigu. Ainsi s’est développée une rhétorique sur l’efficacité de l’aide où l’on n’a...

This paper considers why and how the PBA (performance based allocation) used in multilateral development banks and in particular at IDA, could be improved by taking the structural vulnerability of eligible countries into account. This improvement is needed for several reasons. The PBA relies on...

Developing country performance with respect to economic policies and institutional behaviour is a common criterion for the allocation of aid among recipient countries. This paper questions the manner in which performance is used in this regard, arguing that performance is too narrowly defined. A...

Making development financing in LDCs more conducive to development should be a priority for the next Programme of Action of the Istanbul Conference. It needs to go beyond the old and emblematic target of ODA to LDCs, which is too far to be reached. The present paper examines four issues.

Developing country performance with respect to economic policies and institutional behaviour is a common criterion for the allocation of aid among recipient countries. This paper questions the manner in which performance is used in this regard, arguing that performance is too narrowly defined. A...

Making development financing in LDCs more conducive to development should be a priority for the next Programme of Action of the Istanbul Conference. It needs to go beyond the old and emblematic target of ODA to LDCs, which is too far to be reached. The present paper examines four issues.

Ongoing empirical research on the drivers of project-aid effectiveness relies on World Bank evaluation ratings across heterogeneous aid sectors. This leads to two problems. First, it is difficult to identify which dimension of project performance World Bank evaluation ratings are measuring...

We build and implement a normative procedure to allocate international aid based on equality of opportunity concerning the risk of poverty. This is an alternative to Collier and Dollar’s proposal (2001) which stresses the impact of aid on worldwide poverty reduction. The big problem with their...

In previous papers the authors have argued that aid is likely to mitigate the negative effects of external shocks on economic growth (i.e. that aid is more effective in countries which are more vulnerable to external shocks). Recently an important debate has emerged about the possible negative...