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

New Evidence

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 recipient countries face large adverse shocks to READ MORE...

Publication date: October 2010
ISBN 9781455209408
$18.00

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