Aid, Exports, and Growth PDF
By:Joong Shik Kang,Mr. Alessandro Prati,Mr. Alessandro Rebucci
Published on 2013-03-20 by International Monetary Fund
We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD hypothesis, but also shows that aid-receiving countries are not “doomed” to catch DD.
This Book was ranked at 2 by Google Books for keyword International Foreign Exchange novel.
Book ID of Aid, Exports, and Growth's Books is UPfjxyfqvQEC, Book which was written byJoong Shik Kang,Mr. Alessandro Prati,Mr. Alessandro Rebuccihave ETAG "o2fASrY7CAY"
Book which was published by International Monetary Fund since 2013-03-20 have ISBNs, ISBN 13 Code is 9781484380598 and ISBN 10 Code is 1484380592
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