Narrow search
Showing 1 - 10 of 7,635
Cover Image
Conditionality of Foreign Aid and Its Consequences
Petroia, Andrei - 2017
The role of foreign aid in the growth process of developing countries has been a topic of intense debate. Foreign aid is an important topic given its implications for poverty reduction in developing countries.Since the second World War, foreign aid has been one of the most prominent policy tools...
Persistent link: https://www.econbiz.de/10012955245
Cover Image
Aid Volatility and Dutch Disease : Is There a Role for Macroeconomic Policies?
Prati, Alessandro - 2014
This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that foreign aid, with the important exception of years of adverse...
Persistent link: https://www.econbiz.de/10012752145
Cover Image
Harnessing windfall revenues : optimal policies for resource-rich developing economies
Ploeg, Frederick van der; Venables, Anthony - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt … is large relative to initial foreign debt, is it optimal to build a SWF. The optimal time profile of consumption is … investment in infrastructure. -- Natural resource revenue ; windfall public revenues ; risk premium on foreign debt ; public …
Persistent link: https://www.econbiz.de/10003813611
Cover Image
Harnessing Windfall Revenues : Optimal Policies for Resource-Rich Developing Economies
van der Ploeg, Rick - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt … is large relative to initial foreign debt, is it optimal to build a SWF. The optimal time profile of consumption is …
Persistent link: https://www.econbiz.de/10012764524
Cover Image
Pricing Sovereign Debt in Resource-Rich Economies
McGregor, Thomas - 2019
How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous sovereign default risk. The model explains a large proportion of business cycle...
Persistent link: https://www.econbiz.de/10012858384
Cover Image
Fiscal composition and aid effectiveness : a political-economy model
Mosley, Paul - 2012
In accounting for the rather gloomy trend of the aid effectiveness literature over the last few years, one explanatory strand has been fiscal, suggesting in particular that aid flows in weak states have tended to erode the taxbase and the structure of institutions. We pursue this idea, tracing...
Persistent link: https://www.econbiz.de/10009508593
Cover Image
The causal links between aid and government expenditures
Marć, Łukasz - 2014
The most recent literature on aid effectiveness finds a positive effect of aid on growth. To the extent that aid goes through the budget, this either reflects an aid-financed increase in government expenditures (quantity effect) or an improvement in the use of government resources as a result of...
Persistent link: https://www.econbiz.de/10010231655
Cover Image
The impact of aid on total government expenditures : new evidence on fungibility
Marć, Łukasz - 2015
Aid is said to be fungible at the aggregate level if it raises government expenditures by less than the total amount. This happens when the recipient government decreases domestic revenue, decreases net borrowing, or when aid bypasses the budget. This study makes three contributions to both...
Persistent link: https://www.econbiz.de/10010465440
Cover Image
Fungibility and the Choice of Aid Modalities – The Red Herring Revisited
Leiderer, Stefan - 2013
The ‘right' choice of instruments and modalities to provide aid to developing countries in support of poverty reduction and economic development is arguably the most contested issue in the current international debate on aid effectiveness. A particular controversy exists around the provision...
Persistent link: https://www.econbiz.de/10013072246
Cover Image
The economics and politics of foreign aid and domestic revenue
Tagem, Abrams M. E. - 2017
The main argument of this paper is that there is considerable heterogeneity in the way aid can shape tax performance in developing countries: through behavioural effects, donor conditionality, recipient policy reform and technical assistance; and these effects are country-specific. We investigate...
Persistent link: https://www.econbiz.de/10011777119