Resource title

Local Financial Development and the Aid-Growth Relationship

Resource image

image for OpenScout resource :: Local Financial Development and the Aid-Growth Relationship

Resource description

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.

Resource author

Selin Sayek, Mwanza Nkusu

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19849

Resource license

Adapt according to the presented license agreement and reference the original author.