Series: IMF Working Papers
Author(s): Era Dabla-Norris , Camelia Minoiu , and Luis-Felipe Zanna
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: foreign aid, bilateral donors, business cycle, macroeconomic shocks, aid flows, bilateral aid, development aid, dynamic effects, Macroeconomic Analyses of Economic Development,
We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with respect to busines...