Global Challenges and Country-Specific Responses through Aid Financing of Global Public Goods
Alessandra Cepparulo and
Luisa Giuriato ()
No 156, Working Papers from University of Rome La Sapienza, Department of Public Economics
In this paper we revisit the impact of global public goods (GPGs) in Official Development Assistance budgets using panel data covering the DAC countries during the period 1973-2009. Our findings reveal a weak crowding-out effect of traditional aid and an increasing financing to weakest-link technology GPGs by rich countries aiming at avoiding sub-optimal levels of provision in strategic sectors. Searching for the determinants of GPG-related aid, we find a significant role played by variables expressing donorsâ€™ public finance constraints, openness to the rest of the world and preferences for domestic expenditures.
Keywords: Official Development Assistance (ODA); Global public goods; DAC donors (search for similar items in EconPapers)
JEL-codes: H41 F35 H87 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sap:wpaper:wp156
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