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Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries. The world media almost daily reports scenarios of gloom and doom, with many predicting a deep global recession. This paper...
Persistent link: https://www.econbiz.de/10010323526
The paper aims to enhance the existing literature on the debt-growth nexus by analysing the relationship in two separate country groups using the extreme bounds analysis for sensitivity tests and the mixed, fixed, and random coefficient approach that allows for heterogeneity in the causal...
Persistent link: https://www.econbiz.de/10010330116
Persistent link: https://www.econbiz.de/10010330117
The study examines the official bilateral donors’ current aid practice for private sector development (PSD). In … particular, it reviews the donors’ major instruments and channels for aid delivery and the extent to which official flows have … firms. The paper concludes that despite the prominent position occupied by NGOs in aid delivery, there is still a pertinent …
Persistent link: https://www.econbiz.de/10010330118
external debt-servicing constraint, as well as external aid, on government expenditure allocation in sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10010330136
Over the past decade, Brazil has launched a foreign policy that has revealed its aim to broaden its influence in the design of the global multilateral architecture, and increase both its presence in UN peace operations and its cooperation in the development of low-income countries (LICs) in...
Persistent link: https://www.econbiz.de/10010330570
The aim of this paper is to address the bilateral relations between Brazil and Bolivia in the context of the expansion of scope and length of Brazilian south-south cooperation. This study revolves around the main argument that horizontal cooperation with Bolivia must be perceived in connection...
Persistent link: https://www.econbiz.de/10010330854
Foreign aid donors and recipient governments often have conflicting objectives. Foreign donors may attempt to influence … the policies of recipient governments by offering aid or threatening to suspend aid to sovereign states. This paper … considers the credibility of such inducements and the conditioning of aid flows on policy behavior by national governments in …
Persistent link: https://www.econbiz.de/10010333091
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We find that theoretical models yield ambiguous results. Whether high levels of public debt have a negative effect on long-run growth is thus an empirical question. While many...
Persistent link: https://www.econbiz.de/10011933305
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/10010276227