{"id":{"repo_id":"cape-town","oai_identifier":"oai:open.uct.ac.za:11427/16689"},"canonical_url":"https://search.dev.ndltd.org/etd/cape-town/oai:open.uct.ac.za:11427/16689","repository":{"repo_id":"cape-town","name":"University of Cape Town","base_url":"https://open.uct.ac.za/oai/request"},"display":{"title":"The political economy of innovative development financing : a case study of donor funded risk capital financing in South Africa","abstract":"This thesis sets out to evaluate whether innovative aid modalities have the ability provide more value for money than traditional aid modalities, and if so where? The aim of the research is to contribute to the literature on aid effectiveness and collective action which to date has largely ignored the emergence of innovative aid modalities. Making use of a case study evaluation the thesis demonstrates that innovative blending mechanisms have the ability to enhance the value for money of development assistance at various points, from initial mobilization to actual absorption. Here the thesis employed a reconstructed program theory to establish to what extent an innovative Risk Capital Facility funded by the European Union in South Africa provided more value than traditional aid delivery modalities. This involved testing both the process of channelling aid, as well as the results achieved. Although not a panacea to all problems of traditional aid, the results indicate that innovative aid modalities have the ability to translate into higher equilibrium allocations for the donor in terms of aid delivery. Hence from a political economy point of view, the ability of innovative blending to demonstrate value for money may help overcome some of the collective action problems with the traditional aid architecture. This primarily concerned insights into the ability of this innovative aid modality to address issues surrounding institutional turf fights, vested interests, and legitimacy concerns of aid.","abstract_html":"This thesis sets out to evaluate whether innovative aid modalities have the ability provide more value for money than traditional aid modalities, and if so where? The aim of the research is to contribute to the literature on aid effectiveness and collective action which to date has largely ignored the emergence of innovative aid modalities. Making use of a case study evaluation the thesis demonstrates that innovative blending mechanisms have the ability to enhance the value for money of development assistance at various points, from initial mobilization to actual absorption. Here the thesis employed a reconstructed program theory to establish to what extent an innovative Risk Capital Facility funded by the European Union in South Africa provided more value than traditional aid delivery modalities. This involved testing both the process of channelling aid, as well as the results achieved. Although not a panacea to all problems of traditional aid, the results indicate that innovative aid modalities have the ability to translate into higher equilibrium allocations for the donor in terms of aid delivery. Hence from a political economy point of view, the ability of innovative blending to demonstrate value for money may help overcome some of the collective action problems with the traditional aid architecture. This primarily concerned insights into the ability of this innovative aid modality to address issues surrounding institutional turf fights, vested interests, and legitimacy concerns of aid.","abstract_has_math":false,"creators":["Kühn Von Burgsdorff, Yanis Konstantin"],"institution":"School of Economics","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":["Black, Anthony","Bhorat, Haroon"],"committee_chairs":[],"committee_members":[],"year":2015,"date_issued":"2015","date_published":"2015","updated_at":"2026-07-22T22:22:54Z","subjects":[],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/11427/16689","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Black, Anthony","Bhorat, Haroon"]},{"key":"dc:creator","label":"Author","values":["Kühn Von Burgsdorff, Yanis Konstantin"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2016-02-02T14:40:25Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2016-02-02T14:40:25Z"]},{"key":"dc:date.issued","label":"Date","values":["2015"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["School of Economics"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Cape Town"]},{"key":"dc:type","label":"Dc Type","values":["Doctoral Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["Doctoral"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["PhD"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/11427/16689"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Includes bibliographical references"]},{"key":"dc:description.abstract","label":"Abstract","values":["This thesis sets out to evaluate whether innovative aid modalities have the ability provide more value for money than traditional aid modalities, and if so where? The aim of the research is to contribute to the literature on aid effectiveness and collective action which to date has largely ignored the emergence of innovative aid modalities. Making use of a case study evaluation the thesis demonstrates that innovative blending mechanisms have the ability to enhance the value for money of development assistance at various points, from initial mobilization to actual absorption. Here the thesis employed a reconstructed program theory to establish to what extent an innovative Risk Capital Facility funded by the European Union in South Africa provided more value than traditional aid delivery modalities. This involved testing both the process of channelling aid, as well as the results achieved. Although not a panacea to all problems of traditional aid, the results indicate that innovative aid modalities have the ability to translate into higher equilibrium allocations for the donor in terms of aid delivery. Hence from a political economy point of view, the ability of innovative blending to demonstrate value for money may help overcome some of the collective action problems with the traditional aid architecture. This primarily concerned insights into the ability of this innovative aid modality to address issues surrounding institutional turf fights, vested interests, and legitimacy concerns of aid."]},{"key":"dc:title","label":"Title","values":["The political economy of innovative development financing : a case study of donor funded risk capital financing in South Africa"]}]}],"canonical_facts":{"dc:contributor.advisor":["Black, Anthony","Bhorat, Haroon"],"dc:creator":["Kühn Von Burgsdorff, Yanis Konstantin"],"dc:date.accessioned":["2016-02-02T14:40:25Z"],"dc:date.available":["2016-02-02T14:40:25Z"],"dc:date.issued":["2015"],"dc:description":["Includes bibliographical references"],"dc:description.abstract":["This thesis sets out to evaluate whether innovative aid modalities have the ability provide more value for money than traditional aid modalities, and if so where? The aim of the research is to contribute to the literature on aid effectiveness and collective action which to date has largely ignored the emergence of innovative aid modalities. Making use of a case study evaluation the thesis demonstrates that innovative blending mechanisms have the ability to enhance the value for money of development assistance at various points, from initial mobilization to actual absorption. Here the thesis employed a reconstructed program theory to establish to what extent an innovative Risk Capital Facility funded by the European Union in South Africa provided more value than traditional aid delivery modalities. This involved testing both the process of channelling aid, as well as the results achieved. Although not a panacea to all problems of traditional aid, the results indicate that innovative aid modalities have the ability to translate into higher equilibrium allocations for the donor in terms of aid delivery. Hence from a political economy point of view, the ability of innovative blending to demonstrate value for money may help overcome some of the collective action problems with the traditional aid architecture. This primarily concerned insights into the ability of this innovative aid modality to address issues surrounding institutional turf fights, vested interests, and legitimacy concerns of aid."],"dc:identifier.uri":["http://hdl.handle.net/11427/16689"],"dc:language.iso":["eng"],"dc:publisher.department":["School of Economics"],"dc:publisher.institution":["University of Cape Town"],"dc:title":["The political economy of innovative development financing : a case study of donor funded risk capital financing in South Africa"],"dc:type":["Doctoral Thesis"],"dc:type.qualificationlevel":["Doctoral"],"dc:type.qualificationname":["PhD"]},"updated_at":"2026-07-22T22:22:54Z"}