Institutional Quality and Debt Relief: A Political Economy Approach
AbstractRecent shifts in the global debt relief architecture has meant that countries with superior institutions are often rewarded with increasinf aid and debt relied, an incentive for debtor countries to strategically improve their institutions prior to seeking debt relief. This paper contributes to the literature by developing and empirically testing a political economy model of the possible impact of this shift on the motivations of politicians and bureaucrats in debtor countries. The findings suggest that debtor countries have quickloy adapted to the shift by strategically improving in key areas of institutional governance prior to applying for dect relief.
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Bibliographic InfoPaper provided by Economic Research Southern Africa in its series Working Papers with number 340.
Length: 16 pages
Date of creation: 2013
Date of revision:
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Debt relief; Aid; Institutional Quality; HIPC; Development;
Find related papers by JEL classification:
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- F35 - International Economics - - International Finance - - - Foreign Aid
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
- H6 - Public Economics - - National Budget, Deficit, and Debt
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