A dynamic relationship between foreign aid and domestic fiscal variables in Uganda is analysed using a cointegrated vector autoregressive model over the period 1972-2008. Results show that aid is a significant element of long-run fiscal equilibrium, is associated with increased tax effort and...

"Europe is at a critical stage in its economic development. There seems to be a widespread desire to pursue coherent initiatives which address current issues. However, it is unclear which policies would fit the agenda." "Europe's Economic Challenge analyses the wide-ranging issues in economic...