Journal Article

Why it pays for aid recipients to take note of the Millennium Challenge Corporation: Other donors do!

Economics Letters

We empirically analyze how other aid agencies, within and outside the United States, reacted to the Millennium Challenge Corporation (MCC). We find that positive signaling effects dominate possible substitution effects. Striving for MCC eligibility thus pays.

Authors

Axel Dreher
Peter Nunnenkamp
Hannes Öhler

Info

Publication Date
JEL Classification
F35