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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30267
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| Title: | | Why it pays for aid recipients to take note of the Millennium Challenge Corporation: Other donors do!  |
| Authors: | | Dreher, Axel Nunnenkamp, Peter Öhler, Hannes |
| Issue Date: | | 2010 |
| Series/Report no.: | | Kiel working paper 1609 |
| Abstract: | | It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources available to them. We argue that this question extends far beyond the distribution of the limited MCC resources. By employing OLS and treatment-effects estimations, we assess how other US aid agencies and non-US donors reacted to MCC decisions. We find that positive signaling effects tend to dominate possible substitution effects not only for overall US aid but also for multilateral donors. Regarding other bilateral donors the evidence is mixed. |
| Subjects: | | Official development aid Millennium Challenge Corporation additionality signaling United States other DAC donors |
| JEL: | | F35 |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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