to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within … a class of policy rules, it jointly considers the optimal aid spending and international reserve accumulation policies … aid, while partially accumulating foreign exchange reserves to offset Dutch disease effects. Also, allocating relatively …

It is clear from the implications of growth theory that the impact of aid depends on how it affects savings, investment … which the issue of the impact of aid on growth is most important, it is government that is most important. This paper … and government behaviour. In respect of low-income countries, which are the principal aid recipients and the economies for …

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 … are the pulling forces, while those to domestic borrowing, government spending and aid are the pushing forces of the …

This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of … the specific categories of public expenditures and economic growth, captured in human capital formation, defense … economic growth is much higher than that of the other macro variables. Data for the study was drawn from the International …

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …