Browsing by Subject "Economic assistance."

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    The effects of aid on foreign direct investment : the roles of governance and financial market development
    (2005) Karakaplan, Mustafa Uğur
    This thesis investigates the effects of aid on foreign direct investment. The study takes into account the conditions such as sound governance within countries or well-developed financial markets, which are expected to effect this relationship. The hypothesis is that aid encourages foreign direct investment only where governance is of quality or financial markets are developed or both. The dynamic relationship is examined using an unbalanced panel data set, including 97 countries over the period of 1960-2004, where available. The results of the empirical analysis confirm the hypothesis with strong evidence.
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    The effects of aid on inflation : the role of financial market development
    (2005) Dönmez, Ayça
    This thesis investigates the relationship between foreign aid and inflation considering the effect of financial market development (FMD) on this relationship. The main hypothesis is that aid has a significant positive impact on inflation. When the financial markets are developed enough, the upward effect of aid on inflation is expected to be diminished. The dynamic relationship is analyzed utilizing generalized method of moments (GMM) estimation which accommodates the use of an unbalanced panel data set, covering 60 countries in the period 1975-2004, where available. The results of the empirical analysis support the hypothesis. Furthermore, the results are robust to several control variables, and alternative measures of financial market development.