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Assessing the Millennium Challenge Account as a Model of Foreign Assistance

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Author Info
Prud'homme, Daniel G.

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Abstract

This study assesses the effectiveness of different administrative models of US foreign assistance, with a unique focus on one that hypothetically channels more DFA-administered funds through the Millennium Challenge Corporation (MCC). The study finds several limitations with this model, and so discounts the assumption that because the MCC is a fairly effective instrument of foreign assistance simply expanding it as is would spread its benefits on a larger scale. With some additions to its framework, however, the model may be quite effective and both politically and economically feasible.

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File URL: http://mpra.ub.uni-muenchen.de/9767/
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File URL: http://mpra.ub.uni-muenchen.de/9795/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 9767.

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Date of creation: Jul 2007
Date of revision: Feb 2008
Handle: RePEc:pra:mprapa:9767

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Related research
Keywords: Millennium Challenge Account; Millennium Challenge Corporation; MCA; MCC; international economics; USAID; DFA; foreign aid; foreign assistance; international development;

Find related papers by JEL classification:
H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
O21 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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References listed on IDEAS
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  1. Alberto Alesina & Beatrice Weder, 1999. "Do Corrupt Governments Receive Less Foreign Aid?," NBER Working Papers 7108, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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