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Numerous econometric studies fail to detect a signicant and robust relationship between international aid and economic growth in the recipient countries. Dutch Disease effects might be responsible for this result.This paper examines the relation between aid and its effectiveness in a...
Persistent link: https://www.econbiz.de/10003861463
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...
Persistent link: https://www.econbiz.de/10011409240
the terms of trade, productivity, investment, debt and openness. While there is still significant evidence of cross …
Persistent link: https://www.econbiz.de/10011409926
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...
Persistent link: https://www.econbiz.de/10013043660
the terms of trade, productivity, investment, debt and openness. While there is still significant evidence of cross …
Persistent link: https://www.econbiz.de/10013032550
The EMU crisis holds special lessons for existing monetary unions. We assess the behavior of real effective exchange rates (REERs) of members of the Central African Economic and Monetary Community (CEMAC) zone with respect to their long-term equilibrium paths. A reduced form of the fundamental...
Persistent link: https://www.econbiz.de/10012111601
investment, loss of industrial competitiveness, a slowdown in total factor productivity (TFP) growth due to excessive regulation …
Persistent link: https://www.econbiz.de/10009771825
the effect of foreign aid on real exchange rate in Ghana. Contrary to the findings of studies which establish non …-existence of Dutch disease in Ghana, the empirical results of this study reveal otherwise, both in the short-run and long-run. To … mitigate Dutch disease menace in Ghana, it is important that the country utilize its ideal productive capacity to cushion its …
Persistent link: https://www.econbiz.de/10012023063
series perspective. More specifically, we investigate how dollarization effects inflation, GDP, inflation uncertainty and … money-price relationship in Ecuador. There are four main findings of this study. First, inflation is lower after official … prices and increase in the equity markets of emerging economies. Third, inflation uncertainty measured by inflation variance …
Persistent link: https://www.econbiz.de/10003866780
The article criticizes the World Bank as overy optimistic concerning its ability to raise the effectiveness of aid by concentrating aid on countries with "good" policies. It is shown that aid flows to the main recipient regions yielded the highest correlation to growth when their magnitudes...
Persistent link: https://www.econbiz.de/10011495613