Growth rates of per capita GDP are depressed by civil conflict to a degree that reflects its severity. Only the more severe conflicts - ones that affect at least half of the country by land area and/or cause more than 1,000 fatalities in at least one year - have a significant negative growth...

This paper uses the cointegrated vector autoregressive (CVAR) model to assess the dynamic relationship between foreign aid inflows, public expenditure, revenue and domestic borrowing in Ethiopia. It departs from the existing literature by using a unique quarterly fiscal dataset (1993-2008) and...