Title Page
Contents
CHAPTER I. Introduction 11
CHAPTER II. Literature review 16
CHAPTER III. Data and empirical model 24
3.1. Data 24
3.2. Empirical Model 31
CHAPTER IV. Empirical results 35
4.1. Results of FEM and REM 35
4.2. Discussion 40
CHAPTER V. Conclusion and implication 42
REFERENCES 45
Abstract 52
국문초록 54
APPENDIX 55
Table 1. Variable description 24
Table 2. Summary statistics for the sample of ninety countries 26
Table 3. Summary statistics for the sample of high corrupted countries 27
Table 4. Summary statistics for the sample of less corrupted countries 28
Table 5. The impact of ODA on CPI in ninety countries 36
Table 6. The impact of ODA on CPI in sample selections 39
Table 7. List of aid recipient countries 55
Figure 1. Scatter plot of CPI and ODA for all countries 29
Figure 2. Scatter plot of CPI and ODA for the sample of high corrupted countries 30
Figure 3. Scatter plot of CPI and ODA for the sample of less corrupted countries 31