Determinants of Development Financing Flows from Brazil, Russia, India, and China to Low-Income Countries

BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of loan commitments and the degree of concessionality using a panel vector autoregression model and sin...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
1. Verfasser:	Mwase, Nkunde
Format:	Buch
Sprache:	eng
Schlagworte:	Aid Brazil Brics Concessional Aid Concessionality Developing countries Development Financing Econometric Methods: - Multiple/simultaneous Equation Models Econometric models Economic Models Economic policy Economywide Country Studies International Economics International Finance Loans, Foreign Low-income Countries Low-income Developing Countries Panel Ols Panel Var Russia
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of loan commitments and the degree of concessionality using a panel vector autoregression model and single equation dynamic panel estimation.We find that BRICs lend more to LICs with weaker institutions. Land-locked, resource-scarce LICs receive significantly less financing than other resource-rich LICs. The degree of concessionality is negatively correlated with the amount of loans and positively correlated with better institutional indicators suggesting that the higher the risks, the higher the required returns that BRICs expect.