TY  - BOOK
AU  -  Kikeri,Sunita
AU  -  Kenyon ,Thomas
AU  - Palmade ,Vincent
ED  - World Bank.
TI  - Reforming the Investment Climate Lessons for Practitioners	
T2  - Policy research working paper
AV  - HG3881.5.W57 
U1  - 332.6 
PY  - 2006///
CY  - Washington, D.C.
PB  - World Bank
KW  - Investments
KW  - Social policy
N1  - Title from PDF file as viewed on 8/21/2006; Includes bibliographical references; Also available in print
N2  - "Aid is expected to promote better living standards by raising investment and growth.  But aid may also affect institutions directly.  In theory, these effects may or may not work in the same direction as those on investment.  The authors examine the effect of aid on economic institutions and find that aid has neither a positive nor a negative impact on existing measures of economic institutions.  They find the results using pooled data for non-overlapping five-year periods, confirmed by pooled annual regressions for a large panel of countries and by pure cross-section regressions.  The authors explicitly allow for time invariant effects that are country specific and find the results to be robust to model specifications, estimation methods, and different data sets. "--World Bank web site
ER  -