THREE ESSAYS ON U.S. FOREIGN ASSISTANCE SPENDING AND U.S. POLITICO-MILITARY INTEGRATION
Simulations show that recipient nations are directly impacted by U.S. foreign assistance spending (in the form of U.S. economic and military aid) in a manner similar to transfer payments, spurring growth, and easing liquidity constraints. U.S. foreign assistance spending is often accompanied by U.S. politico-military integration, which is defined by the presence of the: (1) receipt of U.S. economic aid, (2) receipt of U.S. military aid, and (3) integration into the U.S. security apparatus through hosting U.S. troops and/or bases or through military or political treaties. Using a new comprehensive ...
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