The Dynamic Implications of Foreign Aid and Its Variability /
The paper examines the effects of aid and its volatility on consumption, investment, and the structure of production in the context of an intertemporal two-sector general equilibrium model. A permanent flow of aid finances mainly consumption, a result consistent with the historical failure of aid in...
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| Andre forfattere: | , , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2005/119 |
| Online adgang: | Full text available on IMF |