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The impact of aid inflows on relative prices and output is ambiguous. Aid inflows that increase domestic expenditure are likely to cause real exchange rate appreciation, ceteris paribus. However, if this expenditure raises the capital stock in the traded goods sector, then output in this sector...
Persistent link: https://www.econbiz.de/10010284656
While we know a lot about how countries become prosperous, we have only begun to understand how aid contributes to economic growth and poverty reduction. The development record is mixed and no robust association between the volume of aid and development performance has been discovered. The...
Persistent link: https://www.econbiz.de/10010284686
on a sample of EU- and non-EU countries in the period 2004 to 2010. We account for non-tariff trade barriers and the … European value-added-chain and promote business service exports from third countries towards the EU. The reorientation of the … new members is in turn associated with declining intra-EU10 business intensities while leaving business trade among the …
Persistent link: https://www.econbiz.de/10010291830