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Is Foreign Aid Fungible? Evidence from the Education and Health Sectors

Nicolas Van de Sijpe.

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...

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