Essays in trade, foreign aid and investment. Essay 1: Motivation for bilateral aid allocation: Altruism or trade benefits. Essay 2: Does institutional quality matter for investment and capital mobility? Evidence from sub -Saharan Africa. Essay 3: Do donors care about declining trade revenue from liberalization? An analysis of aid allocation. (with Subhayu Bandyopadhyay).

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Essay 1: Motivation for bilateral aid allocation: Altruism or trade benefits. This paper argues that bilateral aid from developed OECD countries is disproportionately allocated to recipient nations who have a greater tendency to import goods in which donor nations have a comparative advantage in production. The estimates indicate that a substantially larger amount of aid per capita is provided to recipients who import capital goods, while imports by other category groups have no significant effects. Given that developed donor nations are major producers and exporters of capital goods, this result at least partially supports their trade benefits motive. On the other hand, aid may also be given as a reward to the recipient nations for promoting imports of capital goods and removing trade restrictions. The findings also suggest that donors are more concerned about alleviating physical miseries (infant mortality) and rewarding good human rights conditions, however, they seem to be less foc

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