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Local Financial Development and the Aid-Growth Relationship

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 relations...

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Bibliographic Details
Main Author: Nkusu, Mwanza
Other Authors: Sayek, Selin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Aid Flows
Foreign Exchange
Real Exchange Rates
Finance
Economywide Country Studies: General
Financial Markets And The Macroeconomy
Development Assistance
Financial Markets
Financial Services Industry
Finance: General
Foreign Aid
International Relief
International Economics
Financial Sector Development
Economic Growth And Aggregate Productivity: General
Currency
Exports And Imports
Economic Assistance
Welfare, Well-being, And Poverty: General
Uganda
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:34 pages
ISBN:9781451875775

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