Journalartikel

Autorenliste: Hemmer, HR; Lorenz, A

Jahr der Veröffentlichung: 2003

Seiten: 507-549

Zeitschrift: Review of World Economics

Bandnummer: 139

Heftnummer: 3

ISSN: 1610-2878

eISSN: 1610-2886

DOI Link: https://doi.org/10.1007/BF02659673

Verlag: Springer

Abstract: 
This paper explores the causes of success or failure of German bilateral financial aid, using data on 1,003 Financial Cooperation (FC) projects and programs performed by the Kreditanstalt fur Wiederaufbau (KfW). The authors find that the success or failure of financial aid loans disbursed under FC depends on project characteristics and macroeconomic conditions in the recipient country. Supervision time is also highly negatively correlated with the probability of success. While the relationship disappears once endogeneity is taken into account, the existence of an institutional bias toward a disproportionate allocation of supervision resources in unsuccessful projects cannot be rejected. These results show that some recent evidence on multilateral policy-based aid holds also for the case of German bilateral project-based aid.

Harvard-Zitierstil: Hemmer, H. and Lorenz, A. (2003) What determines the success or failure of German bilateral financial aid?, Weltwirtschaftliches Archiv = Review of world economics, 139(3), pp. 507-549. https://doi.org/10.1007/BF02659673

APA-Zitierstil: Hemmer, H., & Lorenz, A. (2003). What determines the success or failure of German bilateral financial aid?. Weltwirtschaftliches Archiv = Review of world economics. 139(3), 507-549. https://doi.org/10.1007/BF02659673