in The World Bank Economic Review
June 2013; p ublished online October 2012 .
Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; National Government Expenditures and Related Policies; Development Planning and Policy. 14925 words.
This paper adopts a new approach to the issue of foreign aid fungibility. Unlike most existing empirical studies, I employ panel data that contain information on the specific purposes for...