well as the weakening of institutions. The general conclusion that we draw for reconciling the two approaches is that …

This paper explores the macroeconomic implications of aid flows in countries with weak institutions. It argues that … and subnational levels, and the strength of their fiscal institutions in deciding how much and how fast to spend aid …

The paper tries to improve our understanding on the role of institutions in development by critically examining the … current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional …