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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
We estimate the pro-competitive effects of Austria's participation in the Single Market after its EU accession in 1995 …
Persistent link: https://www.econbiz.de/10011435142
opening, Austria's accession to the EU and its currency union, EU enlargement). With some of these steps occurring in parallel …, its effects have similarly overlapped. Eastern opening since 1989 and Austria's EU membership since 1995 (and its … some 100,000 to 150,000 new jobs. The EU enlargement of 2004 has similarly benefiting Austria more than other EU 15 …
Persistent link: https://www.econbiz.de/10011435199