Buffie, Edward F.; O'Connell, Stephen A.; Adam, Christopher - In: Journal of Development Economics 93 (2010) 2, pp. 287-298
Donors cannot pre-commit to support scaled-up public spending programs on a continuing basis, nor can governments credibly commit to curtail expenditure rapidly in the event that aid revenues contract. An aid boom may therefore be accompanied by a credibility problem. When this is the case, the...
