An important feature of aid to developing countries is that it is given to the government. As a result aid has the potential to affect budgetary behaviour. Although the (albeit limited) aid-growth literature has addressed the effect of aid on policy, it has tended to neglect the effect of aid on...

An important feature of aid to developing countries is that it is given to the government. As a result aid has the potential to affect budgetary behaviour. Although the (albeit limited) aid-growth literature has addressed the effect of aid on policy, it has tended to neglect the effect of aid on...

An important feature of aid to developing countries is that it is given to the government. As a result, aid should be expected to affect fiscal behaviour, although theory and existing evidence is ambiguous regarding the nature of these effects. This paper applies techniques developed in the...

This paper uses annual aggregate data for 36 low or middle income countries covering the period 1995-2001 to test the responsiveness of investment to the sources of finance under (un)favourable regimes for investment. Two sources of private investment finance are considered: private investment...

""Ghana’s Growth and Poverty Reduction Strategy (GPRS II; November, 2005) which spans the period 2006 – 2009 intends to shift the strategic focus of the country’s development agenda from the direct anti-poverty objectives of the GPRS I to a more growth-oriented strategy. The...

This paper contributes to the debate on aid effectiveness by looking at the .how. of aid effectiveness. In other words it provides an assessment of whether aid only filled a financing gap or whether it, in addition, helped influence the political economy

Public spending may influence poverty alleviation objectives at several levels including overall spending plans of government (aggregate fiscal policy), policy decisions funded in the budget and the flow of budgeted resources to Ministries, Department and Agencies (MDAs); frontline service...

The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...