TY  - RPRT
        AU  - Marchesi, Silvia
AU  - Masi, Tania
AU  - Paul, Saumik
        TI  - Project Aid and Firm Performance
        PY  - 2021/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14705
        UR  - https://www.iza.org/publications/dp14705
        AB  - This paper evaluates the effect of development project aid from the World Bank and China on firms' sales growth, using a large dataset of 110864 firms spanning 121 countries between 2001 and 2016. We find that, contrary to the World Bank, Chinese ODA projects increase, on average, firm sales and, compared to sector-specific, Chinese region-specific aid positively affect firm performance. Finally, we show that the positive effect of Chinese aid is stronger for firms lacking transport infrastructure (and with better electricity provision), suggesting that aid may improve firm performance by releasing their infrastructure constraints.
        KW  - chinese projects
KW  - world bank projects
KW  - aid effectiveness
KW  - geo-coding
KW  - firm growth
        ER  -