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Local Financial Development and the Aid-Growth Relationship
Nkusu, Mwanza; Sayek, Selin - International Monetary Fund (IMF) - 2004
With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear...
Persistent link: https://www.econbiz.de/10005605240
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Do Remittances Reduce Aid Dependency?
Goff, Maelan Le; Kpodar, Kangni - International Monetary Fund (IMF) - 2011
Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel...
Persistent link: https://www.econbiz.de/10009369450
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Business Cycle Fluctuations, Large Shocks, and Development Aid; New Evidence
Dabla-Norris, Era; Minoiu, Camelia; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2010
We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with respect to business cycles in donor and recipient countries. However, they become countercyclical...
Persistent link: https://www.econbiz.de/10008727796
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Development Aid and Economic Growth; A Positive Long-Run Relation
Reddy, Sanjay; Minoiu, Camelia - International Monetary Fund (IMF) - 2009
We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the...
Persistent link: https://www.econbiz.de/10008528696
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Do Workers' Remittances Promote Economic Growth?
Gapen, Michael T.; Chami, Ralph; Montiel, Peter; … - International Monetary Fund (IMF) - 2009
undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical …
Persistent link: https://www.econbiz.de/10008528660
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Remittances; An Automatic Output Stabilizer?
Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009
Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...
Persistent link: https://www.econbiz.de/10004999978
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Rural Poverty in Developing Countries; Issues and Policies
Khan, Mahmood Hasan - International Monetary Fund (IMF) - 2000
In most developing countries, poverty is more widespread and severe in rural than in urban areas. The author reviews … some important aspects of rural poverty and draws key implications for public policy. He presents a policy framework for … reducing poverty, taking into account the functional differences and overlap between the rural poor. Several policy options are …
Persistent link: https://www.econbiz.de/10005605040
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When is Growth Pro-Poor? Cross-Country Evidence
Kraay, Aart - International Monetary Fund (IMF) - 2004
Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth …: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a … poverty-reducing pattern of growth in relative incomes. I empirically decompose changes in poverty in a large sample of …
Persistent link: https://www.econbiz.de/10005605055
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Russian Federation; Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
This assessment reviews the regulatory framework in place for the oversight of the capital markets of the Russian Federation as of June 2011. The Russian securities markets, in particular, have been volatile, reflecting the inflow and outflow of money and the crisis. Foreign investment banks...
Persistent link: https://www.econbiz.de/10011245383
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Are Donor Countries Giving More or Less Aid?
Gupta, Sanjeev; Pattillo, Catherine A.; Wagh, Smita - International Monetary Fund (IMF) - 2006
sound policies on the part of the recipients are crucial for the aid to be effective in reducing poverty. …
Persistent link: https://www.econbiz.de/10005263710