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, 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 … reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD …
Persistent link: https://www.econbiz.de/10013064195
risk of conflict recurrence as an explanatory variable in the growth regression, because post-conflict countries have a …
Persistent link: https://www.econbiz.de/10013085981
the so-called development planning technique, which has the Harrod-Domar growth model at its base. Two particularly … productivity growth rate or a major boost to domestic savings and investment in sub-Saharan Africa. In the absence of such changes …
Persistent link: https://www.econbiz.de/10012777948
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
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 quality of public investment, capital grants, and growth in a sample …
Persistent link: https://www.econbiz.de/10012948534
In terms of size, the net income balance (IB) is comparable to the trade balance (TB) for many countries. Yet the role of the IB in mitigating external vulnerabilities or complicating external adjustment remains underexplored. This paper studies the role of the IB in stabilizing or destabilizing...
Persistent link: https://www.econbiz.de/10014082657
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10013098604
This paper reexamines the relationship between aid and domestic tax revenues using a more recent and comprehensive dataset covering 118 countries for the period 1980 - 2009. Overall, our results support earlier findings of a negative association between net Official Development Assistance (ODA)...
Persistent link: https://www.econbiz.de/10013098610
This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid...
Persistent link: https://www.econbiz.de/10013091296
The CFA franc zone has had one of the longest experiences with a fixed exchange rate for a convertible currency and regional integration of any group of developing countries. France, the anchor country, provides aid to support the zone. This paper asks whether the arrangements are more than just...
Persistent link: https://www.econbiz.de/10012777761