The EU transfers provided to the New Member States and candidate countries are generally viewed as having been efficiently used in promoting development in these economies. This paper examines the conditionality and institutional arrangements used to manage these transfers, and asks if there are...

In recent years, a large and expanding literature has examined the properties of developing economies with regard to the macroeconomic cycle.1 One such property that is characteristic of developing economies is large fluctuations in consumption. Meanwhile, aid for the low income countries is...

In seinem Kommentar setzt sich Hans Willgerodt, ehemals Universität zu Köln, kritisch mit der Griechenlandhilfe der Euroländer auseinander, hinterfragt den Erfolg der Maßnahmen und analysiert die damit verbundenen Wirkungen.

Jan Schnellenbach, Universität Heidelberg, diskutiert, neben den Konstruktionsfehlern des Bailouts, auch seine Auswirkungen auf die weitere institutionelle Entwicklung der Europäischen Union: »Die Entwicklung könnte in Richtung einer formalen Institutionalisierung des bündischen Prinzips in...

Die Europäische Union vollzieht derzeit eine der größten Reformen der letzten Jahre, die vielerorts als alternativlos beschrieben wird. Charles B. Blankart und Erik R. Fasten, Humboldt-Universität zu Berlin, treten dem entgegen und entwickeln eine durchsetzbare Alternative zum...

The paper surveys the interactions between aid and trade, distinguishing between policies and outcomes as well as between various instruments. It first discusses the theoretical literature, focusing on the causal impact of aid on the recipient’s welfare via the trade channel, before turning to...

The establishment of the UK Department for International Development in 1997, and the evolution of the UK’s foreign aid policies, has provoked international interest as a possible model for other countries to follow. The UK now combines in a single government department not only the delivery...

While many analysts decry the lack of sufficient investment in Africa, we find no evidence that private and public investment are productive, either in Africa as a whole (unless Botswana is included in the sample), or in the manufacturing sector in Tanzania. In this restricted sense, inadequate...

Since 1974 the world has experienced a “third wave” of democratization. Ensuring that these new democracies consolidate is critical to both global prosperity and peace. Unfortunately, the academic literature that might help policy-makers shape appropriate foreign assistance programs remains...

The cross-country literature on foreign aid effectiveness has relied on the use of instruments to distinguish causality from mere correlation. This paper uses simple non-instrumental techniques in the spirit of Granger to demonstrate that the main aid-growth connection is a negative causal...