Business Cycle Fluctuations, Large Shocks, and Development Aid: New Evidence
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| 520 | 3 | |a 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 the terms-of-trade or growth collapses-thus playing an important cushioning role. Aid outlays contract sharply during severe donor economic downturns; this effect is magnified by higher public debt levels. Additionally, bilateral aid flows are higher in the presence of IMF programs and are more countercyclical for recipient countries with stronger institutions | |
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| id | DE-604.BV048349630 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:18Z |
| institution | BVB |
| isbn | 1455209406 9781455209408 |
| language | English |
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| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (39 p) |
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| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | International Monetary Fund |
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| series2 | IMF Working Papers |
| spellingShingle | Dabla-Norris, Era Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence |
| title | Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence |
| title_auth | Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence |
| title_exact_search | Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence |
| title_full | Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence Dabla-Norris, Era |
| title_fullStr | Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence Dabla-Norris, Era |
| title_full_unstemmed | Business Cycle Fluctuations, Large Shocks, and Development Aid New Evidence Dabla-Norris, Era |
| title_short | Business Cycle Fluctuations, Large Shocks, and Development Aid |
| title_sort | business cycle fluctuations large shocks and development aid new evidence |
| title_sub | New Evidence |
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