The paper performs aid allocation analysis using OECD-DAC data covering 20 aid donors and 176 recipients over the period 1980-2003. We improve upon earlier work in this area by employing inter alia the variable ‘past outcome’ measuring aid effectiveness in order to link together aid...

The paper examines the causal relationship between FDI and economic growth by using an innovative econometric methodology to study the direction of causality between the two variables. We apply our methodology, based on the Toda-Yamamoto test for causality, to time-series data covering the...

Sources and effectiveness of financial development : what we know and what we need to know / Svetlana Andrianova and Panicos Demetriades -- The poverty-macroeconomic policy nexus : some short-run analytics / George Mavrotas and S. Mansoob Murshed -- Finance and poverty in Ethiopia : a...

"The findings of this book will be of considerable interest to professionals and policymakers engaged in policy reforms in foreign aid, and will provide an essential one-stop reference for students of development studies, international finance, and economics."--Jacket