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remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and … (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i …) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate …
Persistent link: https://www.econbiz.de/10012831609
Zimbabwe has recently experienced record hyperinflation of 80 billion percent a month. This paper uses new data from Zimbabwe to investigate money demand under hyperinflation using an ARDL estimation for the period 1980-2008. The results produce plausible convergence rates and long- run...
Persistent link: https://www.econbiz.de/10013143318
The COVID-19 pandemic, as with previous major crises, such as the 2008 financial crisis, has had a severe negative impact on international trade flows. The present paper aims to contribute to the debate concerning how to foster resilience against future crises, in terms of countries' aggregate...
Persistent link: https://www.econbiz.de/10013337473
In previous papers we have argued that aid is likely to mitigate the negative effects of external shocks on economic growth (i.e., aid is more effective in countries that are more vulnerable to external shocks). Recently an important debate has emerged about the possible negative effects of aid...
Persistent link: https://www.econbiz.de/10003793607
exchange rate flexibility are partly substitutes. We investigate whether aid has historically been targeted at shock …
Persistent link: https://www.econbiz.de/10009011706
This study measures the effects of international income, price and monetary shocks on income in 13 African countries through the Foreign Aid channel between 1970 and 2007, using a SVAR Model. We develop theoretical and empirical models that characterize these exposures. The results confirm that...
Persistent link: https://www.econbiz.de/10012962947
The study of the effects of exogenous shocks on the creation of added value aimed at showing the impact of those shocks on the gross domestic product as well as the effect of debt and public aid used by some governments as a solution to the effects of exogenous shocks. The study revealed a...
Persistent link: https://www.econbiz.de/10014345395
In this paper, we address the question of whether official development assistance promotes gender equality in the Middle East and North Africa region by examining the effects of aid to Women's Equality Organizations and Institutions on women's political empowerment, measured by the proportion of...
Persistent link: https://www.econbiz.de/10009767801
We present a new mechanism to explain politically induced changes in bilateral aid. We argue that shifts in the foreign policy alignment between a donor and a recipient country arising from leadership changes induce reallocation of development aid. Utilizing data from the G7 and 133 developing...
Persistent link: https://www.econbiz.de/10011521976
This paper presents an overview of the economics of international aid, highlighting the historical literature and the contemporary debates. It reviews the “trade-theoretic” and the “contract-theoretic” analytical literature, and the empirical and institutional literature. It demonstrates...
Persistent link: https://www.econbiz.de/10014023652