Showing 1 - 10 of 126
An important feature of aid to developing countries is that it is given to the government. As a result, aid should be expected to affect fiscal behaviour. Traditional approaches to modelling fiscal effects are beset by theoretical and empirical problems. This paper applies techniques developed...
Persistent link: https://www.econbiz.de/10011532465
It is common practice in empirical development macroeconomics to use cross-country samples for econometric analyses. One issue that is rarely addressed in this literature is the appropriateness of pooling when panels are used. In particular, does it matter to the results if the countries exhibit...
Persistent link: https://www.econbiz.de/10011532838
This paper demonstrates that an empirical link between aid and trade exist (for some donor-recipient pairs), but that the nature of this linkage is complex and can take a variety of forms. By identifying this complexity (and variability) we challenge the assertion, often made in debates...
Persistent link: https://www.econbiz.de/10011535220
Persistent link: https://www.econbiz.de/10001602012
Persistent link: https://www.econbiz.de/10001829999
A number of recent cross-country studies have revitalised the debate on the effectiveness of aid. While there is mounting evidence that aid does contribute to growth, there is some dispute as to whether good policy is a necessary condition for aid effectiveness. This paper is a contribution to...
Persistent link: https://www.econbiz.de/10011533483
Persistent link: https://www.econbiz.de/10001562874
Persistent link: https://www.econbiz.de/10003062606
Theoretical predictions and empirical evidence on the impact of foreign aid and fiscal policy on growth are mixed. This paper examines the effect of fiscal variables (government expenditure and revenue) and aid on growth using annual time series data for Kenya over the period 1964 - 2002....
Persistent link: https://www.econbiz.de/10011534230
One of the most challenging problems in developing countries such as Ghana is exchange rate management, that is, 'getting the exchange rate right' especially in the context of exchange rate misalignment. The major research and policy question is what constitutes the equilibrium real exchange...
Persistent link: https://www.econbiz.de/10003074249