Objective
Official Development Assistance (ODA) represents the major flow of resources from rich to poor countries. In 2005, $107 billion of ODA were disbursed by the Development Assistance Committee (DAC) to less developed countries. Of these, $56 billion were provided by EU members. According to the literature, despite substantial amounts of aid that low income countries have received in the past decades, the expectation that aid boosts investment and growth in recipients has not been met. The limited effectiveness of aid to reach the intended objectives has encouraged greater attention on whether current practices in aid implementation and allocation processes are appropriate, given imperfections that characterize markets in poor countries. More recent academic theory, primarily developed in European academia, has shown that donors are not able to design appropriate aid contracts: recipients do not perceive sufficient incentives to make aid effective. The aim of this research is twofold: first, theoretically, to design “incentive compatible” contracts between donors and recipients and explore in detail whether the screening process undertaken by donors can be improved. Second, given the poor quality of data for developing countries, the objective will be to test the assumptions and evaluate the policy implications of the theoretical model, by means of appropriate economic experiments. The Marie Curie fellowship will offer a unique opportunity to reach the above objectives, by allowing Dr. Isopi, whose research activity has focused primarily on contract theory applications to foreign aid, to spend time at the Nottingham School of Economics and benefit from the research expertise in two of the most highly regarded Development and Experimental Economics research centres in Europe. The analyses and policy implications from the research will be relevant for the European Community, given the considerable role played EU members in the international cooperation environment.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2007-2-1-IEF
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
NG7 2RD Nottingham
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.