Foreign Aid and the Business Cycle

Business Cycle Features In The Iranian Economy

Business Cycle Fluctuations, Large Macroeconomic Shocks, and Development Aid

— We examine the cyclical properties of development aid using bilateral data for 22 donors and 113 recipients during 1970–2005. We find that bilateral aid flows are on average procyclical with respect to the business cycle in both donor and recipient countries. While aid outlays contract sharply during severe downturns in donor countries, they rise steeply when aid-receiving countries experienc...

The choice for multilateralism: Foreign aid and American foreign policy

Why do governments choose multilateralism? We examine a principalagent model in which states trade some control over the policy for greater burden sharing. The theory generates observable hypotheses regarding the reasons for and the patterns of support and opposition to multilateralism. To focus our study, we analyze support for bilateral and multilateral foreign aid giving in the US. Using new...

The determinants of foreign aid

The Role of Foreign Aid