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negative virtually offsetting the positive effects of factor accumulation. Aid and remittances have negative effects and …
Persistent link: https://www.econbiz.de/10005836048
on the growth effects of overseas development aid. This paper argues that the specifications used in these works are not … depends on time as well as the aid ratio. Our empirical results show that the effect of aid on the steady state growth rate is … insignificant in the selected Pacific Island countries. These countries are of interest because they receive the largest aid in per …
Persistent link: https://www.econbiz.de/10005836524
-country analysis fails to find any significant link between aid flows and growth, and that aid is successful only when associated with … paper, we offer a re-examination of the literature on the aid-savings, aid-investment, and aid growth relationships, and a … coherent and positive picture of the aid-growth link emerges. Aid works, even in countries hampered by an unfavorable policy …
Persistent link: https://www.econbiz.de/10011189009
The present study aims to show an analysis of relationship between gross fixed capital formation and economic growth in … method is applied. The used variables are: the economic growth (gross domestic product - GDP) – considered dependent variable … the growth and development of the Central and Eastern Europe (CEE) countries and as well as its contribution to the …
Persistent link: https://www.econbiz.de/10011260574
discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an … gap and economic growth. The results provide empirical evidence that the articulation of monetary and fiscal policy in the … growth in the long term . The paper argues for completing the current policy mix with two new instruments: an attenuation …
Persistent link: https://www.econbiz.de/10011258948
on growth. Effects are Keynesian for low to moderate levels of debt and stimulus but anti Keynesian for sufficiently high …
Persistent link: https://www.econbiz.de/10011110985
inflation increases debt while the same to interest rate decreases it. Positive shocks to growth and primary surplus …
Persistent link: https://www.econbiz.de/10008788797
The present paper treats the issue of economic foundations, on which political power rests, and the specific problem of public debt in the developed countries. Starting from the general question: “Why do rich governments borrow so much?” the paper develops a model of political power based on...
Persistent link: https://www.econbiz.de/10011113427
The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries’ fiscal positions. Using a novel quarterly dataset─ which includes unique country specific commodity price indices and a comprehensive measure of public...
Persistent link: https://www.econbiz.de/10008529245
Global modeling has evolved remarkably in the last two decades. Such evolution led it to perform today's role as an experimental laboratory for the social sciences, and particularly for applications to policy planning. Two of the most interesting applications to policy are to resource economics...
Persistent link: https://www.econbiz.de/10005837368