Dreher, Axel; Marchesi, Silvia - Dipartimento di Economia, Management e Metodi … - 2013
This paper explores the role of information transmission in explaining donors\' choice between project aid and budget … theory, when countries\' local knowledge is more important than donors\'information, recipient countries\' discretion in the … donors\' information is more relevant (centralization). The empirical analysis confirms that the importance of donors …