Business Cycle Fluctuations, Large Macroeconomic Shocks, and Development Aid
نویسندگان
چکیده
منابع مشابه
Business Cycle Fluctuations, Large Macroeconomic Shocks, and Development Aid
— We examine the cyclical properties of development aid using bilateral data for 22 donors and 113 recipients during 1970–2005. We find that bilateral aid flows are on average procyclical with respect to the business cycle in both donor and recipient countries. While aid outlays contract sharply during severe downturns in donor countries, they rise steeply when aid-receiving countries experienc...
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ژورنال
عنوان ژورنال: World Development
سال: 2015
ISSN: 0305-750X
DOI: 10.1016/j.worlddev.2013.12.019