of aid surges. Absent sterilization, a peg allows for almost full aid absorption—an increase in the current account … deficit net of aid—delivering the same effects as those of a flexible regime but with a necessary increase in inflation …

In Nowak-Lehmann et al. (2012), we used time-series methods to investigate the impact of aid on per capita GDP. Lof … aid variable, and a different sample, they claim to find a positive effect of aid on income, which contrasts with our own … causality tests shows that there is no robust effect of aid on income. …

This paper reviews evidence published in the last 10years that has added to our understanding of the effects of aid on … efficient aid modality. Three generalizations are permitted by the evidence: aid finances government spending; the extent to … which aid is fungible is over-stated and even where it is fungible this does not appear to make the aid less effective; and …

This paper explores the role of remittances and foreign aid inflows during food price shocks. The results yield four …, remittance and aid inflows dampen the effect of positive food price shock and food price instability on household consumption in …

This study investigates the effects of aid inflows and the volatility of public investment on economic growth in 26 Sub …-Saharan African countries over the period from 1992 to 2011. Three volatility variables comprising aid, government revenue, and public … investment are incorporated into an aid-growth model to test for their effect on economic growth. Using the Generalized Method of …

This study analyzes theoretically and empirically the impact of aid fragmentation on donors’ decisions to tie their … development aid to purchases from contractors based in their own countries. Building on collective action theory, it argues that a … donor with a larger share of the aid market in a country has stronger incentives to maximize the development impact of its …

selectivity of foreign aid. …

We examine whether aid proliferation hinders economic growth by applying the standard aid-growth regression to Roodman … aid variables as additional independent variables. Our empirical results show that the effect of aid concentration on … economic growth is positive and favors the hypothesis that aid proliferation has a negative effect on the economic growth of …