Determinants of Development Financing Flows From Brazil, Russia, India, and China to Low-Income Countries
Author/Editor: Nkunde Mwase
Release Date: © November, 2011
ISBN
: 978-1-46392-391-4
Stock #: WPIEA2011255
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes | |||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
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.
Taxonomy
Development assistance , Economic development
More publications in this series: Working Papers
More publications by: Nkunde Mwase