Should Easier Access to Credit Replace Foreign Aid? A Trade-theoretic Analysis

We develop a two-period trade-theoretic model for a recipient country with credit constraints and develop a necessary and sufficient condition for replacing foreign aid by credit to be welfare improving.

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Year of publication:	2013-09-11
Authors:	Bandyopadhyay, Subhayu ; Lahiri, Sajal ; Younas, Javed
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 33.2013, 3, p. 2320-2327
Publisher:	AccessEcon
Subject:	Foreign aid \| borrowing constraint \| welfare \| fungibility \| public input

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Extent:	application/pdf
Type of publication:	Article
Classification:	F1 - Trade
Source:	RePEc - Research Papers in Economics

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