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Empirical Evidence on the New International Aid Architecture

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dc.creator Cassimon, Danny
dc.creator Claessens, Stijn
dc.creator Campenhout, Bjorn van
dc.date 2007
dc.date.accessioned 2013-10-16T07:07:11Z
dc.date.available 2013-10-16T07:07:11Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19858
dc.identifier ppn:560713231
dc.identifier RePEc:zbw:gdec07:6525
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19858
dc.description We conduct an empirical study on how 22 donors allocate their bilateral aid among 147 recipient countries over the 1970-2004 period to investigate whether recent changes in the international aid architecture-at the international and country level-have led to changes in donor behavior. We find that after the fall of the Berlin Wall and especially in the late nineties, bilateral aid responds more to economic needs and the quality of a country?s policy and institutional environment and less to debt, size and colonial and political linkages. We also find more selectivity by donors when a country uses a PRSP and passes the HIPC decision point. Importantly, PRSPs and HIPCs reduce the perverse effects of large bilateral and multilateral debt shares on aid flows, suggesting less defensive lending. Overall, it appears certain international aid architecture changes have led to more selectivity in aid allocations. The specific factors causing these changes remain unclear, however. And since there remain (large) differences among donors in selectivity that appear to relate to donors? own institutional environments, reforms will have to be multifaceted.
dc.language eng
dc.publisher
dc.relation Proceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics 2
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O16
dc.subject O19
dc.subject O11
dc.subject ddc:330
dc.subject development aid
dc.subject aid allocation
dc.subject selectivity
dc.subject debt relief
dc.subject HIPC
dc.subject PRSP
dc.subject aid architecture
dc.title Empirical Evidence on the New International Aid Architecture
dc.type doc-type:conferenceObject


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