Why it pays for aid recipients to take note of the Millennium Challenge Corporation: Other donors do!

We empirically analyze how other aid agencies, within and outside the United States, reacted to the Millennium Challenge Corporation (MCC). We find that positive signaling effects dominate possible substitution effects. Striving for MCC eligibility thus pays.

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Year of publication:	2012
Authors:	Dreher, Axel ; Nunnenkamp, Peter ; Öhler, Hannes
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 3, p. 373-375
Publisher:	Elsevier
Subject:	Official development aid \| Millennium Challenge Corporation \| Signaling effects

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Type of publication:	Article
Classification:	F35 - Foreign Aid
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041860