Arbeitspapier
Foreign aid and developing countries' creditworthiness
We explore whether foreign aid affects developing countries' creditworthiness, as proxied by the Institutional Investor's measure of country credit risk. Based on a simple model of international borrowing and lending, we develop the hypothesis that current aid reduces the likelihood of future default. We then test this hypothesis, using a data set that covers a large number of developing countries in the 1980s and 1990s. While the size of the effect differs across types of aid and country groups, our empirical findings support the notion that aid improves countries' standing vis-a-vis international capital markets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 04.05
- Klassifikation
-
Wirtschaft
International Lending and Debt Problems
Foreign Aid
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
International Linkages to Development; Role of International Organizations
- Thema
-
Aid
International Investment
Country Risk
Dynamic Panel Estimation
Entwicklungshilfe
Länderrisiko
Entwicklungsländer
Schätzung
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Harms, Philipp
Rauber, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Swiss National Bank, Study Center Gerzensee
- (wo)
-
Gerzensee
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Harms, Philipp
- Rauber, Michael
- Swiss National Bank, Study Center Gerzensee
Entstanden
- 2004
Ähnliche Objekte (12)
Fiscal capacity and aid allocation: Domestic resource mobilization and foreign aid in developing countries
Does foreign aid in education foster gender equality in developing countries?
Does foreign aid reduce energy and carbon intensities in developing countries?
Do elites benefit from democracy and foreign aid in developing countries? Comment
Throwing foreign aid at HIV/AIDS in developing countries: Missing the target?
Throwing Foreign Aid at HIV/AIDS in Developing Countries: Missing the Target?
Throwing foreign aid at HIV/AIDS in developing countries: Missing the target?
Weapon exports and aid to developing countries
Foreign Aid and Recipient Countries' Exports: Does Aid Promote Bilateral Trade?
Foreign aid and recipient countries' exports: Does aid promote bilateral trade?
Can foreign aid dampen the threat of terrorism to international trade? Evidence from 78 developing countries
FDI, Aid, Terrorism: Conditional Threshold Evidence from Developing Countries
Fiscal capacity and aid allocation: Domestic resource mobilization and foreign aid in developing countries
Does foreign aid in education foster gender equality in developing countries?
Does foreign aid reduce energy and carbon intensities in developing countries?
Do elites benefit from democracy and foreign aid in developing countries? Comment
Throwing foreign aid at HIV/AIDS in developing countries: Missing the target?
Throwing Foreign Aid at HIV/AIDS in Developing Countries: Missing the Target?
Throwing foreign aid at HIV/AIDS in developing countries: Missing the target?
Weapon exports and aid to developing countries
Foreign Aid and Recipient Countries' Exports: Does Aid Promote Bilateral Trade?
Foreign aid and recipient countries' exports: Does aid promote bilateral trade?
Can foreign aid dampen the threat of terrorism to international trade? Evidence from 78 developing countries
FDI, Aid, Terrorism: Conditional Threshold Evidence from Developing Countries
Fiscal capacity and aid allocation: Domestic resource mobilization and foreign aid in developing countries
Does foreign aid in education foster gender equality in developing countries?
Does foreign aid reduce energy and carbon intensities in developing countries?
Do elites benefit from democracy and foreign aid in developing countries? Comment
Throwing foreign aid at HIV/AIDS in developing countries: Missing the target?
Throwing Foreign Aid at HIV/AIDS in Developing Countries: Missing the Target?
Throwing foreign aid at HIV/AIDS in developing countries: Missing the target?
Weapon exports and aid to developing countries
Foreign Aid and Recipient Countries' Exports: Does Aid Promote Bilateral Trade?
Foreign aid and recipient countries' exports: Does aid promote bilateral trade?
Can foreign aid dampen the threat of terrorism to international trade? Evidence from 78 developing countries