Why it pays for aid recipients to take note of the Millennium Challenge Corporation: other donors do!

We empirically analyze how other aid agencies, within and outside the United States, reacted to the Millennium Challenge Corporation (MCC). We find that positive signaling effects dominate possible substitution effects. Striving for MCC eligibility thus pays.

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Bibliographic Details
Main Authors: Dreher, Axel (Author) , Nunnenkamp, Peter (Author) , Öhler, Hannes (Author)
Format: Article (Journal)
Language:English
Published: June 2012
In: Economics letters
Year: 2012, Volume: 115, Issue: 3, Pages: 373-375
ISSN:0165-1765
DOI:10.1016/j.econlet.2011.12.058
Online Access:Verlag, Volltext: http://dx.doi.org/10.1016/j.econlet.2011.12.058
Verlag, Volltext: https://linkinghub.elsevier.com/retrieve/pii/S0165176511005817
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Author Notes:Axel Dreher, Peter Nunnenkamp, Hannes Öhler
Description
Summary:We empirically analyze how other aid agencies, within and outside the United States, reacted to the Millennium Challenge Corporation (MCC). We find that positive signaling effects dominate possible substitution effects. Striving for MCC eligibility thus pays.
Item Description:Gesehen am 17.12.2018
Available online: 29 December 2011
Physical Description:Online Resource
ISSN:0165-1765
DOI:10.1016/j.econlet.2011.12.058