This paper examines fungibility as a possible explanation for the missing link between foreign aid and economic growth. The composition of aid plays a crucial role in determining the composition of government spending and, consequently, the magnitude of fungibility and its impact on growth....

We use data for 436 rural districts from the 2001 Census of India to examine whether different aspects of social divisions help explain the wide variation in access to tap water across rural India. Studies linking social fragmentation to public goods usually aggregate different types of...

In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...