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Aid, Policies and Growth: A Non-Canonical Alternative for solving This Puzzle.
Fuentes, Raúl - 2005
This paper presents a two-sector small semi-open economy Ramsey growth model involving foreign aid as an input in the production function. An activist government allocates this input endogenously across sectors and optimizes policies in a non-standard way. Once calibrated, mainly on countries...
Persistent link: https://www.econbiz.de/10010295967
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On the estimation of the volatility-growth link
Wälde, Klaus; Launov, Andrey; Posch, Olaf - 2013
It is common practice to estimate the volatility-growth link by specifying a standard growth equation such that the … biased and inconsistent estimate of the volatility-growth link. Our simulations show that this effect is large. Once the … equation must include relevant control variables to estimate the volatility-growth link. …
Persistent link: https://www.econbiz.de/10010329362
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Foreign Aid and Its Effect on Per-Capita Income (Growth) in Recipient Countries: Pitfalls and Findings from a Time Series Perspective
Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2010
In this paper we investigate the effectiveness of development aid in recipient countries. Specifically, we analyze the relationship between per-capita income and foreign aid for a maximum of 131 recipient countries over the 1960 to 2006 period. We employ annual data and 5-year averages and,...
Persistent link: https://www.econbiz.de/10010291873
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Can Health Foreign Assistance Break the Medical Brain Drain?
Moullan, Yasser - 2009
This paper analyses the impact of health foreign assistance on physicians' brain drain. We use the database from Bhargava and Docquier (2008) to explain physicians' brain drain and health foreign assistance from 1995 to 2003 using a bilateral gravity equation model. In the first time, we propose...
Persistent link: https://www.econbiz.de/10010301470
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Moral Hazard and the Composition of Transfers: Theory with an Application to Foreign Aid
Ouattara, Bazoumana; Amegashie, J. Atsu; Strobl, Eric - 2009
The paper presents a theoretical and empirical analysis of a donor's choice of the composition of unrestricted and in-kind/restricted transfers to a recipient and how this composition is adjusted in response to changes in the moral hazard behavior of the recipient. In-kind or restricted...
Persistent link: https://www.econbiz.de/10010301489
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The search for a long-run aid and growth relationship: Pitfalls and findings
Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2009
In this paper we investigate the relationship between per capita income and foreign aid for a panel of131 (alternatively 52) recipient countries over the period 1960 to 2006 by employing annual data and 5-year averages. Reliance on standard panel estimation techniques (such as 2-ways FE...
Persistent link: https://www.econbiz.de/10010301494
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The Economic Benefits of giving Aid in terms of Donors Exports
Martínez-Zarzoso, Inmaculada; Nowak-Lehmann D., Felicitas - 2010
This paper uses the gravity model of trade to investigate the link between bilateral and multilateral foreign aid and donor's exports. There are three primary findings from this approach. First, in the long term, the average return, in terms of an increase in the donor's level of goods exports,...
Persistent link: https://www.econbiz.de/10010301517
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Foreign aid and recipient countries' exports: How important are improved bilateral trade relations?
Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2010
This paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries and tests for the transmission channels between aid and exports/economic development in developing countries. Most of the theoretical work emphasizes the negative impact of...
Persistent link: https://www.econbiz.de/10010301533
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The Long-Run Effect of Foreign Aid on Domestic Output
Herzer, Dierk; Morrissey, Oliver - 2010
This paper makes two main contributions. First, we examine the long-run effect of foreign aid on domestic output for 59 developing countries using heterogeneous panel cointegration techniques to control for omitted variable and endogeneity bias and to detect possible cross-country differences in...
Persistent link: https://www.econbiz.de/10010301537
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Does Aid translate into Bilateral Trade? Findings for Recipient Countries
Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2011
This paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries. Most of the theoretical work emphasizes the negative impact of aid on recipient countries' exports primarily due to exchange rate appreciation, disregarding possible...
Persistent link: https://www.econbiz.de/10010305632