The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a …, imports, and per capita GDP growth to a global aid shock (the common component of individual country aid-to-GDP ratios). We … find that the estimated cumulative resposive of exports and per capita GDP growth to a global aid shock are strongly …

The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a …, imports, and per capita GDP growth to a global aid shock (the common component of individual country aid-to-GDP ratios). We … find that the estimated cumulative resposive of exports and per capita GDP growth to a global aid shock are strongly …

This paper examines how macroeconomic policies can be managed to accommodate a large inflow of foreign aid to combat …, they should be able to both ‘spend’ aid in order to finance larger government programmes and ‘absorb’ aid in order to … import more real resources. Often, governments that receive foreign aid neither spend nor absorb it fully, defeating the …

, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the … ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also …

We show empirically that aid given to poor developing countries enhances growth and reduces emigration once several … dynamically interacting effects of aid are taken into account in a system of equations. We estimate equations for net immigration … official development aid. We use dynamic panel data methods for a sample of poor countries with GDP per capita below $1200 …

The response of an economy to a windfall of foreign exchange (be it aid or natural resource revenues) is often …

productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses for, the Dutch disease should take …

In previous papers we have argued that aid is likely to mitigate the negative effects of external shocks on economic … growth (i.e., aid is more effective in countries that are more vulnerable to external shocks). Recently an important debate … has emerged about the possible negative effects of aid volatility itself. However, the cushioning effect of aid may …

This paper considers the effects of humanitarian aid on economic welfare through a demographic transition channel. We … monetary humanitarian aid on economic welfare. We conclude that if parents strongly value children, giving monetary aid … utility by in-kind aid, which also lowers fertility and augments economic growth. …