Showing 1 - 10 of 10
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...
Persistent link: https://www.econbiz.de/10005136626
Using a model of probabilistic voting, we analyse the impact of aid on the political equilibrium in the recipient … aid on the political equilibrium and therefore on the quality of the policy (using the utilitarian social welfare as a … quality by aid can help to explain the poor performance of conditionality in improving policy. Perhaps more surprising is the …
Persistent link: https://www.econbiz.de/10005124076
Where imports are financed predominantly by rents from resource extraction or aid, the revenue generated by tariffs is … illusory. Revenue earned by the tariff is offset by a reduction in the real value of aid and resource rents. Revenue is however … moved between accounts in the government budget, which, in the case of aid, may reduce the burden of donor conditionality …
Persistent link: https://www.econbiz.de/10005124094
The paper surveys the interactions between aid and trade, distinguishing between policies and outcomes as well as … between various instruments. It first discusses the theoretical literature, focusing on the causal impact of aid on the …
Persistent link: https://www.econbiz.de/10005504233
The response of an economy to a windfall of foreign exchange (be it aid or natural resource revenues) is often …
Persistent link: https://www.econbiz.de/10008683529
that they give only marginal trade preference to the CEECs. The paper also considers FDI and aid flows and argues that …
Persistent link: https://www.econbiz.de/10005662406
The paper develops the view that the perspective on the HIPC initiative is distorted by the fact that – contrary to the Brady deal itself – it lacks all perspective on the ‘market value’ of the debt which is written down. The appropriate ‘market value’ is one that takes account of...
Persistent link: https://www.econbiz.de/10005792346
We construct an open economy disequilibrium model to assess the welfare effects of aid in different macroeconomic … regimes. Aid is shown to have different effects in different unemployment regimes because it increases the social costs of …
Persistent link: https://www.econbiz.de/10005661663
female disempowerment are rooted in colonial times. We find that the arrival of Europeans in Uganda ignited a century … colonial period. But gender inequality gradually declined during the latter half of the colonial era, and after Uganda …
Persistent link: https://www.econbiz.de/10011145474
We study the effect of civil conflict on social capital, focusing on the experience of Uganda during the last decade …
Persistent link: https://www.econbiz.de/10011083530