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This paper explores the role of information transmission in explaining donors' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a "delegation-scheme." Conversely, project...
Persistent link: https://www.econbiz.de/10014149197
The existence of an empirical relationship between the adoption of an IMF programme and the concession of a debt rescheduling by commercial and official creditors is tested using a bivariate probit model. If countries who have arrangements with the IMF are more likely than others to obtain a...
Persistent link: https://www.econbiz.de/10014152539
The existence of an empirical relationship between the adoption of an IMF programme and the concession of a debt rescheduling by commercial creditors is tested using a bivariate probit model. If countries who have arrangements with the IMF are more likely than others to obtain a rescheduling of...
Persistent link: https://www.econbiz.de/10014034583
We focus on the role that the transmission of information between a multilateral (e.g., the IMF) and a country has for optimal (conditional) reform design. The main result is that the informational advantage of the country must be strictly greater than the advantage of the multilateral in order...
Persistent link: https://www.econbiz.de/10014206740
Persistent link: https://www.econbiz.de/10014470672
We investigate the informal influence of political leaders' spouses on the subnational allocation of foreign aid. Building new worldwide datasets on personal characteristics of political leaders and their spouses as well as on geocoded development aid projects (including new data on 19 Western...
Persistent link: https://www.econbiz.de/10014484260
We investigate the informal influence of political leaders’ spouses on the subnational allocation of foreign aid. Building new worldwide datasets on personal characteristics of political leaders and their spouses as well as on geocoded development aid projects (including new data on 19...
Persistent link: https://www.econbiz.de/10014485639
Persistent link: https://www.econbiz.de/10003752353
Persistent link: https://www.econbiz.de/10015410935
This paper evaluates the effects of regional development aid projects from China and the World Bank on firm performance, and considers the role of supply-side constraints of the firms as channels of transmission. We find that, contrary to the World Bank, Chinese ODA projects increase firm sales,...
Persistent link: https://www.econbiz.de/10014082069