Working Paper
Contract clientelism
Where does the money come from to buy votes? We argue that an important source of funds for vote-buying comes from ‘contract clientelism’, or the provision of public contracts to private firms in exchange for campaign donations. Using quantitative...
Working Paper
The Determinants of Loan Contracts to Business Firms
This paper deals with loan contracting from a private bank in Vietnam. We focus on the main loan contract features that the bank uses in lending to business firms, namely loan maturity, collateral and loan interest rate. Based upon the simultaneous...
Working Paper
Government intervention need for social security improvement in the Democratic Republic of the Congo
African populations need better support through social protection mechanisms. Among those who need social security are millions of older people who, having worked all their lives in the formal sector, are in precarious situations with lower benefits...
Working Paper
Resource-Poor Farmers in South India
It is often argued that an important reason why globalization may lead to GDP growth but fail to reduce poverty is because the poor are unable to participate in the new market opportunities and are marginalized. In this paper we examine the...
Working Paper
Recipient Governments' Willingness and Ability to Meet Aid Conditionality
This paper evaluates aid both by considering the evidence on aid effectiveness in promoting growth and by considering how effective has aid been in exerting leverage on policy choices. We argue that in both respects aid has had beneficial effects. It...
Working Paper
Strategic Interaction and Donor Policy Determination in a Domestic Setting
This paper examines some of the issues associated with the aid donor process arising from the theory of agency or principal-agent models and endogenous policy determination. The principals may be viewed as legislators and the agents as the aid agency...
Working Paper
On the Non-Contractual Nature of Donor-Recipient Interaction in Development Assistance
This paper analyses three issues in strategic donor-recipient interaction motivated by the complexity of the rationale underlying aid. The first is when we have several principals with conflicting objectives. Any one principal cannot offer high...