Showing 1 - 10 of 173
This paper draws further attention to the importance of taking into account off-budget aid when estimating the degree of foreign aid fungibility. It does so by re-evaluating the results of a recent, influential paper which concluded that health aid is fully fungible in the long run. Allowing for...
Persistent link: https://www.econbiz.de/10010877265
Governments in developing countries play an important role in the growth process, most notably through their budgetary policies. This potentially beneficial role is, however, hindered by government expenditure inefficiency. This is illustrated in a basic model of public spending and economic...
Persistent link: https://www.econbiz.de/10005511765
This paper draws further attention to the importance of taking into account off-budget aid when estimating the degree of foreign aid fungibility.  It does so by re-evaluating the results of a recent, influential paper which concluded that health aid is fully fungible in the long run.  Allowing...
Persistent link: https://www.econbiz.de/10011159015
Persistent link: https://www.econbiz.de/10010761227
This article draws further attention to the importance of taking into account off-budget aid when estimating the degree of foreign aid fungibility. It does so by re-evaluating the results of a recent, influential paper which concluded that health aid is fully fungible in the long run. Allowing...
Persistent link: https://www.econbiz.de/10010761255
We introduce a new ‘supply-push’ instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption,...
Persistent link: https://www.econbiz.de/10010948860
This paper takes a fresh look at the issue of foreign aid fungibility.  Unlike the bulk of existing empirical studies, I employ panel data that contain information on the specific purpose for which aid is given.  This allows me to link aid given for education and healt purposes to recipient...
Persistent link: https://www.econbiz.de/10011004426
This paper adopts a new approach to the issue of foreign aid fungibility. Unlike most existing empirical studies, I employ panel data that contain information on the specific purposes for which aid is given. This approach enables me to link aid that is provided for education and health purposes...
Persistent link: https://www.econbiz.de/10010683437
Standard macroeconomic models suggest that the ‘great ratios’ of consumptionto output and investment to output should be stable functions of structural parameters. We examine whether the ratios are stationary for the US and UK, allowing for structural breaks that could reflect timevarying...
Persistent link: https://www.econbiz.de/10005487959
Since the early 1990s, there has been a renaissance in the study of regional growth, spurred by new models, methods and data. We survey a range of modelling traditions, and some formal approaches to the ’hard problem’ of regional economics, namely the joint consideration of agglomeration and...
Persistent link: https://www.econbiz.de/10010745338