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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 carry out a detailed CGE (Computable General Equilibrium) analysis of the EU Decarbonisation Roadmap 2050 on a … macroeconomic and on a sectoral level. Herein, we study a Reference scenario that implements existing EU policies as well as 3 … ful l equalization of CO2 prices across all (EU) sectors as a reasonable policy option to avoid additional costs of the …
Persistent link: https://www.econbiz.de/10010311889