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Project Aid and Firm Performance

Silvia Marchesi, Tania Masi and Saumik Paul

No 479, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: This paper evaluates the effect of development project aid from the World Bank and China on firms' Â’sales growth, using a large dataset of 110864 firms, spanning 121 countries between 2001 and 2016. We find that, contrary to the World Bank, Chinese ODA projects increase, on average, firm sales and, compared to sector-specific, Chinese region-speciÂ…c aid positively affect firm performance. Finally, we show that the positive effect of Chinese aid is stronger for firms lacking transport infrastructure (and with better electricity provision), suggesting that aid may improve firm performance by releasing their infrastructure constraints.

Keywords: Aid effectiveness; World Bank projects; Chinese projects; Geo-coding; Firm growth. (search for similar items in EconPapers)
JEL-codes: E24 E25 F35 O19 (search for similar items in EconPapers)
Pages: 89
Date: 2021-09, Revised 2021-09
New Economics Papers: this item is included in nep-bec, nep-cna, nep-dev, nep-fdg, nep-isf, nep-mac, nep-ppm and nep-sbm
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Citations: View citations in EconPapers (6)

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