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Policy prescriptions for managing natural resource windfalls are based on the permanent income hypothesis: none of the windfall is invested at home and saving in an intergenerational SWF is dictated by smoothing consumption across different generations. Furthermore, with Dutch disease effects...
Persistent link: https://www.econbiz.de/10012960370
productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses for, the Dutch disease should take …
Persistent link: https://www.econbiz.de/10012752440
The diversion of development aid to the recipient's military may be one explanation why aid is often found to be … ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid … on military expenditure. Using a new instrumental variable strategy, we examine whether bilateral development aid …
Persistent link: https://www.econbiz.de/10011539046
The diversion of development aid to the recipient’s military may be one explanation why aid is often found to be … ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid … on military expenditure. Using a new instrumental variable strategy, we examine whether bilateral development aid …
Persistent link: https://www.econbiz.de/10011542201
Using a new instrumental variable strategy, we examine whether bilateral development aid increases military expenditure … receiving aid. The dataset includes new data on military expenditure for 124 recipient countries over the 1975−2012 period. When … accounting for outliers, our results do not suggest that development aid affects military expenditure in the full sample. However …
Persistent link: https://www.econbiz.de/10012019746
The prescription of optimally managing natural resource revenue windfalls by smoothing consumption across generations using an intergenerational sovereign wealth fund that only invests in foreign assets is not appropriate for resource-rich developing economies. It is better for these economies...
Persistent link: https://www.econbiz.de/10011611262
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt …
Persistent link: https://www.econbiz.de/10003813611
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt …
Persistent link: https://www.econbiz.de/10012764524
Linkages between foreign aid, terrorism and natural resource (fuel and iron ore) exports are investigated in this study … employed as empirical strategy. Three main foreign aid variables are used for the analysis, namely: bilateral aid, multilateral … aid and total aid. The corresponding terrorism variables employed are: domestic terrorism, transnational terrorism …
Persistent link: https://www.econbiz.de/10012870869
This paper considers the effects of humanitarian aid on economic welfare through a demographic transition channel. We … monetary humanitarian aid on economic welfare. We conclude that if parents strongly value children, giving monetary aid … utility by in-kind aid, which also lowers fertility and augments economic growth …
Persistent link: https://www.econbiz.de/10013110209