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This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and "time to build" requires expenditure in both periods for the modern technology to be used. The possibility of a...
Persistent link: https://www.econbiz.de/10012465250
This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and quot;time to buildquot; requires expenditure in both periods for the modern technology to be used. The possibility...
Persistent link: https://www.econbiz.de/10012753834
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In this paper we evaluate the current account patterns of China and Germany. We point out that China's current account … surplus as a share of global GDP in recent years resembles that of Germany's. Yet, an important difference is that the Euro … block's current account inclusive of Germany, has overall been balanced, whereas emerging Asia's current account inclusive …
Persistent link: https://www.econbiz.de/10008688988
In this paper we evaluate the current account patterns of China and Germany. We point out that China's current account … surplus as a share of global GDP in recent years resembles that of Germany’s. Yet, an important difference is that the Euro … block’s current account inclusive of Germany, has overall been balanced, whereas emerging Asia's current account inclusive …
Persistent link: https://www.econbiz.de/10008699186
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