| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14481 |
| DP14481 Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts | |
| Niels Johannesen; Bob Rijkers | |
| 发表日期 | 2020-03-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are not confounded by contemporaneous shocks such as civil conflicts, natural disasters and financial crises, and are robust to instrumenting with predetermined aid commitments. The implied leakage rate is around 7.5\% at the sample mean and tends to increase with the ratio of aid to GDP. The findings are consistent with aid capture in the most aid-dependent countries. |
| 主题 | Development Economics |
| 关键词 | Foreign aid Corruption Offshore financial centers |
| URL | https://cepr.org/publications/dp14481 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543380 |
| 推荐引用方式 GB/T 7714 | Niels Johannesen,Bob Rijkers. DP14481 Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts. 2020. |
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