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Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis
Prati, Alessandro - 2014
, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the … ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also …
Persistent link: https://www.econbiz.de/10013064195
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Aid and the Dutch Disease in Low-Income Countries : Informed Diagnoses for Prudent Prognoses
Nkusu, Mwanza - 2014
productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses for, the Dutch disease should take …
Persistent link: https://www.econbiz.de/10012752440
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The Macroeconomic Effects of Natural Resource Extraction : Applications to Papua New Guinea
Basu, Suman Sambha - 2013
To investigate the effects on Papua New Guinea's economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model...
Persistent link: https://www.econbiz.de/10013080223
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Breaking the Curse of Sisyphus : An Empirical Analysis of Post-Conflict Economic Transitions
Cevik, Serhan - 2013
This paper provides a broad empirical analysis of the determinants of post-conflict economic transitions across the world during the period 1960-2010, using a dynamic panel estimation approach based on the system-generalized method of moments. In addition to an array of demographic, economic,...
Persistent link: https://www.econbiz.de/10013085981
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Solow Versus Harrod-Domar : Reexamining the Aid Costs of the First Millennium Development Goal
Erickson, Lennart Andrew - 2007
dollar per day in half, by 2015. Foreign aid financed investments may contribute to the attainment of this goal. But how much … can aid be reasonably expected to accomplish? A widespread calibration approach to answering this question is to employ … the currently proposed aid flows, these flows will have to be accompanied by either an acceleration in the underlying …
Persistent link: https://www.econbiz.de/10012777948
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Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries
Berg, Andrew - 2014
The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for each of five different measures of the debt burden (the “debt threshold approach”...
Persistent link: https://www.econbiz.de/10013055260
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Efficiency-Adjusted Public Capital, Capital Grants, and Growth
Crivelli, Ernesto - 2017
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...
Persistent link: https://www.econbiz.de/10012948534
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Central America, Panama, and the Dominican Republic : Trade Integration and Economic Performance
Medina Cas, Stephanie C. - 2012
This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other...
Persistent link: https://www.econbiz.de/10013098574
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Exogenous Shocks and Growth Crises in Low-Income Countries : A Vulnerability Index
Dabla-Norris, Era - 2013
This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy,...
Persistent link: https://www.econbiz.de/10013083626
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Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons
Maehle, Nils O. - 2013
Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before...
Persistent link: https://www.econbiz.de/10013086314