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How Is Foreign Aid Spent? Evidence from a Natural Experiment
International Finance Energy Sources Energy Industry Asia
2015/4/21
We use oil price fluctuations to construct a new instrument to test the impact of transfers from wealthy OPEC nations to their poorer Muslim allies. The instrument identifies plausibly exogenous varia...
How Much Is a Seat on the Security Council Worth? Foreign Aid and Bribery at the United Nations
Foreign Aid Bribery Security Council Worth
2015/4/20
Ten of the fifteen seats on the U.N. Security Council are held by rotating members serving two-year terms. We find that a country’s U.S. aid increases by 59 percent and its U.N. aid by 8 percent when ...
Foreign Aid and Economic Development:Tanzania's Experience with ODA
Official development assistance Tanzania foreign direct investment
2010/12/7
The paper deals with official development assistance (ODA) to Tanzania and its impact on economic growth and poverty reduction. Although there has been much debate about the relationship between forei...
Only for the recipients of foreign aid is something akin to central planning
seen as a way to achieve prosperity. The end of poverty is achieved with free
markets and democracy—where decentralized “...
WHY FOREIGN AID FAILS
FOREIGN AID FAILS
2014/6/25
The main point of this paper is that foreign aid fails because the structure of its incentives resembles tha t of central planning. Aid is not only ineffective, it is arguablycounterproductive. Contra...