Local Financial Development and the Aid-Growth Relationship, Issues 2004-2238

Front Cover
International Monetary Fund, Dec 1, 2004 - Economic assistance - 33 pages
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.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
3
Results and Interpretation
10
Conclusions
17
Copyright

1 other sections not shown

Other editions - View all

Common terms and phrases

Bibliographic information