Die Analyse wirtschaftspolitischer Fehlentwicklungen in hochverschuldeten Ländern der Dritten Welt zeigt, daß die internationale Kreditwürdigkeit nur dann wiedergewonnen werden kann, wenn die Regierungen der Schuldnerländer umfassende und konsistente Wirtschaftsreformen in Kraft setzen,...

Insbesondere für Entwicklungsländer, die im Ausland bereits hoch verschuldet sind, ist es dringend erforderlich, vermehrt inländische Ersparnisse zu mobilisieren und die Effizienz der heimischen Entwicklungsfinanzierung zu steigern. Augenblicklich scheint eine wachstumsorientierte Anpassung...

We address the question of whether foreign aid helps attract foreign direct investment (FDI). This could be achieved if well targeted aid removed critical impediments to higher FDI inflows. In particular, test the hypothesis that aid for education is an effective means to increase FDI flows to...

We empirically assess the determinants of India’s FDI outflows across a large sample of host countries in the 1996-2009 period. Based on gravity model specifications, we employ Poisson pseudo maximum likelihood (PPML) estimators. Major findings include: India’s outward FDI is hardly affected...

We raise the hypothesis that aid specifically targeted at economic infrastructure helps developing countries attract higher FDI inflows through improving their endowment with infrastructure in transportation, communication, energy and finance. By performing 3SLS estimations we explicitly account...

Considering that primary commodity dependence continues to be a major problem of various lower income countries, we analyze whether Aid for Trade (AfT) has helped recipient countries upgrade and diversify their exports. Estimating an asymmetric and aggregated gravity model, we find that AfT has...

Our empirical estimations indicate that aid-for-trade granted by OECD donors strengthens the trade relations of recipient countries with other developing countries. By focusing on South-South trade we mitigate endogeneity concerns that have plagued analyses of trade between recipients and donors...