Does the proliferation of aid donors lead to visible changes in the world of foreign assistance? Aid provided by low- and middle-income countries, autoc

A main puzzle in the sovereign debt literature is that defaults have only minor effects on subsequent borrowing costs and access to credit. This paper comes to a different conclusion. We construct the first complete database of investor losses...

Using information on more than 1000 firms in a number of emerging countries, we find quantitative evidence that suppliers of multinationals that are pressured by their customers to reduce production costs or develop new products have higher...

In November 2001 Jim O’Neill of Goldman Sachs presented an outlook on the roles in the global economy of four big emerging economies, Brazil, Russia, India, and China - for which he coined the acronym BRIC.The combination of size and rapid economic...

Migration contributes to the circulation of goods, knowledge, and ideas. Using community and individual-level data from Moldova, we show that the emigration episode that started in the late 1990s strongly affected political preferences and electoral...

Using information on more than 1000 firms in a number of emerging countries, we find quantitative evidence that suppliers of multinationals that are pressured by their customers to reduce production costs or develop new products have higher...

This article provides a survey of the aid budget literature and examines the determinants of the development aid efforts of 22 DAC members over the 1976-2011 period. In fixed effects regressions, we identify aid inertia, per-capita GDP, the creation...