Data/hora: 14/06/2024 19:55:22

Provedor de dados: | 31
País: | United States
Título: | Aid, Governance, and Private Foreign Investment: Some Puzzling Findings and a Possible Explanation
Autores: | Harms,   Philipp; Lutz,   Matthias.
Data: | 2006-03-27
Ano: | 2003
Palavras-chave: | Aid; Foreign Direct Investment; Institutions; International Relations/Trade; F35; F21; O16; O19.
Resumo: | Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries' institutional environment, we find that, evaluated at the mean, the marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive for countries in which private agents face a substantial regulatory burden. After testing the robustness of this result, we offer a theoretical model that is able to rationalize our puzzling observation.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

20496

http://purl.umn.edu/26128

Editor: | AgEcon Search

Relação:

Hamburg Institute of International Economics&gt;Discussion Paper Series

HWWA Discussion Paper 246

Formato:

37

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