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 responses of exports and per capita GDP growth to a global aid shock are strongly …

High government debts, weak economic growth, vulnerability to external shocks and the design of sound fiscal …. Stabilization programs may harm economic growth but, under certain conditions, they could be expansionary. The main result of this … analysis is that the uncertainty about the future evolution of debt increases when the volatility of exogenous shocks that …

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 …

, 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 … reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD …

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 …