Business Cycle Fluctuations, Large Shocks, and Development Aid : New Evidence /

We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with respect to business cycles in donor and recipient countries. However, they become countercyclical when r...

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Bibliographic Details
Main Author: Dabla-Norris, Era
Other Authors: Minoiu, Camelia, Zanna, Luis-Felipe
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/240
Online Access:Full text available on IMF