Local Financial Development and the Aid-Growth Relationship /

With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear relations...

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Detalles Bibliográficos
Autor Principal: Nkusu, Mwanza
Outros autores: Sayek, Selin
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/238
Acceso en liña:Full text available on IMF
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245 1 0 |a Local Financial Development and the Aid-Growth Relationship /  |c Mwanza Nkusu, Selin Sayek. 
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520 3 |a With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear relationship. In this paper, we investigate a new hypothesis regarding this relationship: that deeper financial markets in aid-recipient countries facilitate the management of aid flows, thereby enhancing aid effectiveness. An empirical analysis, using a panel data set, finds robust support for the hypothesis. 
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700 1 |a Sayek, Selin. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/238 
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