Aid Projects and Firm Performance

被引：0
|
作者：
Marchesi, Silvia [1 ]
Masi, Tania [2 ]
Paul, Saumik [3 ,4 ]
机构：
[1] Univ Milano Bicocca, Milan, Italy
[2] G dAnnunzio Univ Chieti Pescara, Chieti, Italy
[3] Univ Newcastle, Callaghan, Australia
[4] Inst Lab Econ, Bonn, Germany
来源：
ECONOMIC DEVELOPMENT AND CULTURAL CHANGE | 2025年 / 73卷 / 03期
关键词：
WORLD-BANK; EMPIRICAL-ANALYSIS; POLITICAL-ECONOMY; GROWTH EVIDENCE; CHINA; GOVERNANCE; DEPENDENCE; QUALITY; IMPACT; FDI;
D O I：
10.1086/730829
中图分类号：
K9 [地理];
学科分类号：
0705 ;
摘要：
This paper evaluates the effects of subnational development aid projects from China and the World Bank on firm performance and considers the role of supply-side constraints of the firms as channels of transmission. We find that Chinese official development assistance (ODA) projects increase firm sales: a 1% increase in Chinese ODA commitments increases firm sales growth by 3%. Moreover, we find some evidence that Chinese ODA intervention crowds out local firms operating in the mineral sector, which is one of the most financed by China. We show that the positive effect of Chinese aid is stronger for firms lacking access to finance, suggesting that Chinese aid may improve firm performance by releasing a firm's financing constraints. Finally, we find no causal effects between World Bank projects and firm performance.
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页码：1251 / 1295
页数：45
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