Series: IMF Working Papers
Author(s): Tito Cordella , and Giovanni Dell'Ariccia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
Keywords: aid policy, asymmetric information, empirical growth models, budget support, budget surplus, capital expenditures, budget constraint, capital expenditure, Asymmetric and Private Information, Welfare and Poverty: General
Should donors who are interested in the effectiveness of developmental programs rely on conditional budget support or on project aid? To answer this question, we present a model in which only a subset of the develo...