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| Author: | Heckelman, J.C. Knack, S. |
| Title: | Foreign aid and market-liberalizing reform |
| Journal: | Economica
2008 : AUG, VOL. 75:299, p. 524-548 |
| Index terms: | economic policy economic development securities markets liberalization aid |
| Language: | eng |
| Abstract: | Market-oriented (henceforth as: m-o.) economic policies have been strongly linked to faster rates of economic growth. In order to encourage m-o. reforms, foreign aid is often provided. This paper analyses the impact of aid on market-liberalizing policy reform, correcting for its potential endogeneity. As measured by a broad index of policies, higher aid is found to have slowed reform over the 1980-2000 period. There are also more reported results. |
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