Journal Article
Corruption and the Efficiency of Capital Investment in Developing Countries
This paper tests the effect of corruption on the efficiency of capital investment. Using firm-level data from the World Bank Enterprise Surveys, covering 90 developing and transition economies, we consider whether the cost of informal bribe payments...
Working Paper
What Determines Public Education Expenditures in a Transition Economy?
Recent studies suggest that the allocation of expenditures in education matters for growth. Public education spending in many transition economies, however, is often inefficient and inequitable with education outlays misallocated across sectors. This...
Working Paper
Corruption and the Efficiency of Capital Investment in Developing Countries
This paper considers the effect of corruption on the efficiency of capital investment. Using firm-level level data from the World Bank enterprise surveys, covering 90 developing and transition economies, we consider whether the cost of informal bribe...
Journal Article
What determines public education expenditures in Russia?
Recent studies suggest that the allocation of expenditures in education is important for growth. The state of public education spending in many transition economies highlights the need for an assessment of the nature of education expenditures in...
Working Paper
What is the Aggregate Economic Rate of Return to Foreign Aid?
Does foreign aid promote aggregate economic growth? In contrast to widespread perceptions, academic studies of this question have been rapidly converging towards a positive answer. We employ a simulation approach to (i) validate the coherence of...
Journal Article
What Is the Aggregate Economic Rate of Return to Foreign Aid?
In recent years, academic studies have been converging towards the view that foreign aid promotes aggregate economic growth. We employ a simulation approach to: (i) validate the coherence of empirical aid-growth studies published since 2008; and (ii)...