@inproceedings{Sayek2006Local,
abstract = {With official development assistance (ODA) set to rise as countries strive to meet the
Millennium Development Goals (MDGs), aid effectiveness remains an important area of
development policy. An increasing number of studies support the notion that ODA can
contribute to growth in a nonlinear relationship. In this paper, we investigate a new
hypothesis regarding this relationship: that deeper financial markets in aid-recipient countries
facilitate the management of aid flows, thereby enhancing aid effectiveness. An empirical
analysis, using a panel data set, finds robust support for the hypothesis.},
author = {Selin Sayek and Mwanza Nkusu},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {I30; O40; F35; O50; 330; Foreign aid; economic growth; poverty; and financial development},
language = {eng},
number = {23},
series = {Proceedings of the German Development Economics Conference, Berlin 2006 / Verein f\"{u}r Socialpolitik, Research Committee Development Economics},
title = {Local Financial Development and the Aid-Growth Relationship},
url = {http://hdl.handle.net/10419/19849},
year = {2006}
}
