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circumstances, economic growth will turn negative. This theoretical possibility is known as the debt overhang hypothesis. This study …
Persistent link: https://www.econbiz.de/10005790091
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10005037756
in furthering economic growth and development. The implications for the donor community of the decreasing relative …
Persistent link: https://www.econbiz.de/10011274393
.1 in absolute value (such as aid with economic growth) may have very large and statistically significant estimated … applied on the "�Botswana outliers driven" Burnside and Dollar [2000] article which found that aid had an effect on growth …
Persistent link: https://www.econbiz.de/10011261030
evaluating the impact of development aid on economic growth. …
Persistent link: https://www.econbiz.de/10011261074
for foreign aid. Using an endogenous growth version of the standard overlapping generations model, we show that aid can be … an effective policy tool in spurring growth in poor countries. This model also furnishes a theoretical foundation for the …-section based conclusions about the aid-growth link, are fully consistent with the positive evidence on aid effectiveness that …
Persistent link: https://www.econbiz.de/10011262865
Recent studies and approaches to foreign aid effectiveness have concentrated on its impact on economic growth. But aid …’s main goal is poverty reduction, not economic growth. In this paper, aid’s impact on poverty, growth, and inequality are …, are used. The main finding is that economic growth reduces poverty, but also aid, although less than growth, and not under …
Persistent link: https://www.econbiz.de/10005836088
-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
This paper revisits the Institutions and growth models. Econometric techniques have been applied on cross-country data …, just to confirm the apriori knowledge that Institutions effect on growth is positive and highly statistically significant … insignificant in influence to GDP growth compared with quality of institutions. …
Persistent link: https://www.econbiz.de/10009325609
Summary. This is an extended working paper version of the paper that appeared in Economic Theory. It paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements,...
Persistent link: https://www.econbiz.de/10005037728