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Foreign Aid Policy and Sources of Poverty; A Quantitative Framework

Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2006

The econometric literature has been unable to establish a robust association between foreign aid and growth and poverty … countries. The model quantifies three sources of poverty: (i) lack of access to international capital, (ii) low schooling and … high fertility (a poverty trap), and (iii) antigrowth domestic fiscal policy. We analyze policies designed to address each …

Persistent link: https://www.econbiz.de/10005826661

Wage Gaps and Development; Lessons From U.S. History

Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2007

During the course of development, wages and labor productivity are much higher in the nonfarm sectors of the economy than in agriculture. In this paper, we examine the sources and consequences of wage and productivity gaps in the U.S. from 1800 to 2000. We build a quantitative general...

Persistent link: https://www.econbiz.de/10005599726

Foreign Aid Policy and Sources of Poverty : A Quantitative Framework

Rangazas, Peter - 2006

Intro -- Contents -- I. INTRODUCTION -- II. RELATED LITERATURE -- III. THE MODEL -- IV. CROSS- COUNTRY INCOME DIFFERENCES -- V. POLICY EXPERIMENTS -- VI. THE AID COST OF REFORM -- VII. AID FAILURES -- VIII. CONCLUSION -- REFERENCES -- A. Optimal Fiscal Policy in a Closed Economy -- B. Optimal...

Persistent link: https://www.econbiz.de/10012691068