We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net … analyze these and related issues in an intertemporal optimizing model that allows a portion of aid to be devoted to reducing …

This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in …, while the ex ante risk of shocks does not seem to matter. We also find that both the level of aid and the flexibility of the … exchange rate substantially lower the adverse growth effect of shocks. While the mitigating effect of aid is significant in …

of per capita aid flows. Some country-specific variationson the basic mirab model in the recent literature are reviewed …

andtrends of contemporary aid philosophy and its translationin to rural development and water and sanitation projects,which led …

The literature on the aid?growth relationship has recently been reinvigorated through the application of growth … equations that seek to explain growth as a function of institutions, policies and aid. This approach has generally led to the … conclusion that aid has contributed to growth, albeit with decreasing returns. Some studies have found that there is only a …