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Aid and Dutch disease in the South Pacific

Fielding, David - 2007

The impact of aid inflows on relative prices and output is ambiguous. Aid inflows that increase domestic expenditure are likely to cause real exchange rate appreciation, ceteris paribus. However, if this expenditure raises the capital stock in the traded goods sector, then output in this sector...

Persistent link: https://www.econbiz.de/10010284656