Using a one-step stochastic frontier model for five developing countries, this article shows that foreign firms benefit from a better investment climate, which significantly explains why they are more efficient than local firms. This article uses the share of each firm's sales to multinationals...

This article revisits the evidence on the allocation of external public financing to post-MDRI countries while controlling for heterogeneity across recipient economies through quantile regressions. The results show that donors were more selective in terms of institutional quality when allocating...

This article revisits the evidence on the allocation of external public financing to post-MDRI countries while controlling for heterogeneity across recipient economies through quantile regressions. The results show that donors were more selective in terms of institutional quality when allocating...