This paper analyzes the impact of public investment on private investment in panel of 116 developing countries between 1980 and 2006 using dynamic panel data techniques, finding a strong and robust crowding-out effect that seems to be the norm rather than the exception, both across regions and...

Purpose – Although the crucial role of business, and of business-based approaches, in development is increasingly emphasised by academics and practitioners, we lack insight into the ‘whether and how' of viable business models, in environmental, social and economical terms. This article...

In a canonical model of collective action, individual contribution to collective action is negatively correlated with group size. Yet, empirical evidence on the group size effect has been mixed, partly due to heterogeneities in group activities. In this paper, we first construct a simple model...

Using a two-country two-good model, we examine the welfare effects of foreign aid that facilitates factor movement between industries in the recipient country. The government of the donor country produces a public input, which the recipient's government is forced to purchase by spending aid as...

In a canonical model of collective action, individual contribution to collective action is negatively correlated with group size. Yet, empirical evidence on the group size effect has been mixed, partly due to heterogeneities in group activities. In this paper, we first construct a simple model...

Japan has an impressive history when it comes to aid, industrial policy, and infrastructure development, both as a country that saw meteoric development of its own, and as a country that has been one of the world's largest donors for decades. Looking towards an uncertain future in which...

This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing....