Publication:
Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts

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dc.contributor.authorAndersen, Jorgen Juel
dc.contributor.authorJohannesen, Niels
dc.contributor.authorRijkers, Bob
dc.date.accessioned2020-02-20T16:11:34Z
dc.date.available2020-02-20T16:11:34Z
dc.date.issued2020-02
dc.description.abstractDo elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are not confounded by contemporaneous shocks such as civil conflicts, natural disasters, and financial crises, and are robust to instrumenting with predetermined aid commitments. The implied leakage rate is around 7.5 percent at the sample mean and tends to increase with the ratio of aid to GDP. The findings are consistent with aid capture in the most aid-dependent countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/493201582052636710/Elite-Capture-of-Foreign-Aid-Evidence-from-Offshore-Bank-Accounts
dc.identifier.doi10.1596/1813-9450-9150
dc.identifier.urihttps://hdl.handle.net/10986/33355
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9150
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectELITE CAPTURE
dc.subjectPOLITICAL ECONOMY
dc.subjectFOREIGN AID
dc.subjectCORRUPTION
dc.subjectLEAKAGE RATE
dc.titleElite Capture of Foreign Aiden
dc.title.subtitleEvidence from Offshore Bank Accountsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleElite Capture of Foreign Aid: Evidence from Offshore Bank Accounts
okr.date.disclosure2020-02-18
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/493201582052636710/Elite-Capture-of-Foreign-Aid-Evidence-from-Offshore-Bank-Accounts
okr.guid493201582052636710
okr.identifier.doi10.1596/1813-9450-9150
okr.identifier.externaldocumentum090224b087614f1e_2_0
okr.identifier.internaldocumentum31793213
okr.identifier.reportWPS9150
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/493201582052636710/pdf/Elite-Capture-of-Foreign-Aid-Evidence-from-Offshore-Bank-Accounts.pdfen
okr.statistics.combined116232
okr.statistics.dr493201582052636710
okr.statistics.drstats112717
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.topicPublic Sector Development::Public Sector Corruption and Anticorruption Measures
okr.topicMacroeconomics and Economic Growth::Political Economy
okr.unitDevelopment Research Group, Development Economics
relation.isAuthorOfPublicatione2023549-6161-5735-a342-0381b2b7571a
relation.isAuthorOfPublication.latestForDiscoverye2023549-6161-5735-a342-0381b2b7571a
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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