Global Challenges and Country-Specific Responses through Aid Financing of Global Public Goods

Cepparulo, Alessandra and Giuriato, Luisa (2012) Global Challenges and Country-Specific Responses through Aid Financing of Global Public Goods. Working Paper. Dipartimento di Economia e Diritto Sapienza Università di Roma, Roma.

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Abstract

In this paper we revisit the impact of global public goods (GPGs) in Official Development Assistance budgets using panel data covering the DAC countries during the period 1973-2009. Our findings reveal a weak crowding-out effect of traditional aid and an increasing financing to weakest-link technology GPGs by rich countries aiming at avoiding sub-optimal levels of provision in strategic sectors. Searching for the determinants of GPG-related aid, we find a significant role played by variables expressing donors’ public finance constraints, openness to the rest of the world and preferences for domestic expenditures.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: Keywords: Official Development Assistance (ODA), Global public goods, ODA crowding-out, DAC donors, Global public goods financing JEL Codes: H41, F35, H87
Subjects: 300 Scienze sociali > 330 Economia
Depositing User: Dipartimento economia e diritto
Date Deposited: 22 Nov 2012 09:13
Last Modified: 22 Nov 2012 09:13
URI: http://eprints.bice.rm.cnr.it/id/eprint/4358

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