Title: Aid, infrastructure, and FDI
Subtitle: assessing the transmission channel with a new index of infrastructure
Authors: Donaubauer, Julian 
Meyer, Birgit
Nunnenkamp, Peter
Language: en
Keywords: Universit├Ątsbibliographie;Evaluation 2015
Issue Date: 2015
Publisher: FIW - Research Centre International Economics
Document Type: Working Paper
Journal / Series / Working Paper (HSU): FIW working papers 
Volume: 144
Pages: 33 S.
Publisher Place: Vienna
Abstract: 
We raise the hypothesis that aid specifically targeted at economic infrastructure helps developing countries attract higher FDI inflows through improving their endowment with infrastructure in transportation, communication, energy and finance. By performing 3SLS estimations we explicitly account for dependencies between three structural equations on the allocation of sector-specific aid, the determinants of infrastructure, and the determinants of FDI. We find fairly strong and robust evidence that targeted aid promotes FDI indirectly through the infrastructure channel. In addition, aid in infrastructure appears to have surprisingly strong direct effects on FDI.
Organization Units (connected with the publication): VWL, insb. Konjunktur und Wachstum 
URL: https://ub.hsu-hh.de/DB=1.8/XMLPRS=N/PPN?PPN=838010113
http://hdl.handle.net/10419/121145
Appears in Collections:2015

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