Abstract The study develops an index of globalization covering its three main dimensions: economic integration, social and political integration. Using panel data for 123 countries in 1970–2000 it is analysed empirically whether the overall as well sub-indexes constructed to measure single dimensions affect growth. As results show, indeed promotes most robustly related with growth refer actual flows restrictions developed countries. Although less robustly, information also promote whereas...

This paper investigates the question of whether corruption might ‘grease wheels’ an economy. We investigate and to what extent impact regulations on entrepreneurship is dependent corruption. first test robustly deter firm entry into markets. Our results show that existence a larger number procedures required start business, as well minimum capital requirements are detrimental entrepreneurship. Second, we reduces negative in highly regulated economies. empirical analysis, covering maximum 43...

This paper analyzes the influence of shadow economy on corruption and vice versa. We hypothesize that are substitutes in high income countries while they complements low countries. The hypotheses tested for a cross-section 98 Our results show there is no robust relationship between size when perceptions-based indices used. Employing an index based structural model, however, with income, but not

Abstract There is no shortage of theories that purport to explain why globalization may have adverse, insignificant, or even beneficial effects on income and earnings inequality. Surprisingly, the empirical realities remain an almost complete mystery. In this paper, we use data industrial wage inequality, household inequality as well measures economic, social political dimensions examine controversial issue. Overall, while find has exacerbated inequality; particularly true in case OECD countries.

In this paper, we analyze whether International Monetary Fund (IMF) conditionality is exclusively designed to be in line with observable economic indicators or it partly driven by the IMF's major shareholder, United States. A panel data analysis of 206 letters intent from 38 countries, submitted during period April 1997 through February 2003, revealed that number conditions on an IMF loan depended a borrowing country’s voting pattern UN General Assembly. Closer allies States (and other Group...

Chinese “aid” is a lightning rod for criticism. Policy-makers, journalists, and public intellectuals claim that Beijing uses its largesse to cement alliances with political leaders, secure access natural resources, create exclusive commercial opportunities firms—all at the expense of citizens living in developing countries. We argue much controversy about stems from failure distinguish between China's Official Development Assistance (ODA) more commercially oriented sources types state...

This article analyzes whether and to what extent reliance on conditionality is appropriate guarantee the revolving character of resources International Monetary Fund (IMF). The paper presents theoretical arguments in favor conditionality, those against use conditions. It summarizes track record program implementation discusses evidence factors determining implementation. Whether proponents or critics can be supported by existing data analysis also investigated, as success terms outcomes....

This paper introduces a new dataset of official financing — including foreign aid and other forms concessional non-concessional state from China to 138 countries between 2000 2014. We use these data investigate whether what extent Chinese affects economic growth in recipient countries. To account for the endogeneity aid, we employ an instrumental-variables strategy that relies on exogenous variation supply over time resulting changes steel production. Variation across results country's...

Abstract Foreign aid from China is often characterized as “rogue aid” that guided by selfish interests alone. We collect data on Chinese project aid, food medical staff and total money to developing countries, covering the 1956–2006 period, empirically test what extent self‐interests shape China's allocation. While political considerations allocation of does not pay substantially more attention politics compared Western donors. What more, seems be widely independent recipients' endowment...

This article introduces a new dataset of official financing from China to 138 developing countries between 2000 and 2014. It investigates whether Chinese development finance affects economic growth in recipient countries. The results demonstrate that boosts short-term growth. An additional project increases by 0.41 1.49 percentage points 2 years after commitment, on average. While this study does not find significant financial support impairs the overall effectiveness aid Western donors,...

A vast literature evaluates the effectiveness of development aid, often reaching sobering conclusions. We argue that a key shortcoming this is focus on narrow concept effectiveness—mostly economic growth—that does not match kind aid donors actually aim at. To determine actual donor motives, we first survey allocation and identify large set motives common to many donors. then employ for compiling by motive. The shows while has moderate effect at best, it seems effective in achieving other...