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Donor competition for aid impact, and aid fragmentation

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서명/저자사항Donor competition for aid impact, and aid fragmentation/ prepared by Kurt Annen and Luc Moers.
개인저자Annen, Kurt,1967- author.
Moers, Luc,author,
단체저자명International Monetary Fund. Middle East and Central Asia Department.
발행사항[Washington, D.C.]: International Monetary Fund, ?012.
형태사항1 online resource (37 pages).
총서사항IMF working paper;WP/12/204
ISBN1475559577
9781475559576


일반주기 Title from PDF title page (IMF Web site, viewed Aug. 13, 2012).
"Middle East and Central Asia Dept."
"August 2012."
서지주기Includes bibliographical references.
요약This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors' budgets. The paper presents empirical evidence consistent with theoretical results. These imply that, short of ending donors' maximization of relative aid impact, agreements to better coordinate aid allocations are not implementable. Moreover, since policies to increase donor competition in terms of aid effectiveness risk reinforcing relativeness, they may well backfire, as any such reinforcement increases aid fragmentation.
일반주제명Economic assistance.
BUSINESS & ECONOMICS --Economics --Macroeconomics.
POLITICAL SCIENCE --Economic Conditions.
Economic assistance.
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