Aid and Democratization in the Transition Economies

Abstract

There is a growing consensus that aid has not improved economic growth and market institutions among developing nations (Boone 1996, Knack 2001, Collier and Hoeffler 2004, Heckelman and Knack 2008, Rajan and Subramanian 2008). Far less attention has been paid so far to the ability of aid to promote and support democratization. The effect of foreign aid on… (More)

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