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Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 countries over the period 1966-2001. We find that...
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functions in conjunction with the dependence of price on distance, and consider whether spatial interaction theory can provide … this explanation is not unequivocal. On the other hand we show that incorporating spatial interaction theory elements in a …
Persistent link: https://www.econbiz.de/10010338992
area sovereign debt crises. We find that macro and default-specific world factors are a primary source of default …
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We analyse the impact of interactions between monetary and fiscal policy on macroeconomic stability. We find that in the presence of sovereign default beliefs a monetary policy, which aims to stabilize inflation through an active interest rate policy, will destabilize the economy if the feedback...
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all variables proposed by theory, despite a broad set of fixed effects (FE). We find that both REERs are important and … multilateral resistances. Untangling normalization helps to get a better view of what is still unexplained by theory. …
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