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Agénor, Pierre-Richard - 2007

This paper studies the impact of aid volatility in a two-period model where production may occur with either a … modern technology to be used. The possibility of a poverty trap induced by high aid volatility is first examined in a …-period contingency fund) financed through taxation. An increase in aid volatility is shown to raise the optimal contingency fund. But if …

Persistent link: https://www.econbiz.de/10012465250

Colonialism, Inequality, and Long-Run Paths of Development

Engerman, Stanley L. - 2005

Over the last few years, colonialism, especially as pursued by Europeans, has enjoyed a revival in interest among both scholars and the general public. Although a number of new accounts cast colonial empires in a more favorable light than has generally been customary, others contend that...

Persistent link: https://www.econbiz.de/10012467630

Economic Development and the Effectiveness of Foreign Aid : A Historical Perspective

Edwards, Sebastian - 2014

In this paper I discuss the effectiveness of foreign aid from a historical perspective. I show that foreign aid is a relatively new concept in economics, and I emphasize the role of exchange rate policies in the foreign aid controversies of the 1970s through 1990s. I show that in the early 1980s...

Persistent link: https://www.econbiz.de/10012457981

Commodity Price Volatility and World Market Integration since 1700

Jacks, David S. - 2009

Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know … that commodity price volatility is a key source of those shocks. This paper explores commodity and manufactures price over … the past three centuries to answer three questions: Has commodity price volatility increased over time? The answer is no …

Persistent link: https://www.econbiz.de/10012463899

The Effect of Aid on Growth : Evidence from a Quasi-Experiment

Galiani, Sebastian - 2016

The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...

Persistent link: https://www.econbiz.de/10012456511

What Undermines Aid's Impact on Growth?

Rajan, Raghuram G. - 2005

We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We look for a possible offset to the beneficial effects of aid, using a methodology that exploits...

Persistent link: https://www.econbiz.de/10012467019

Aid and Growth : What Does the Cross-Country Evidence Really Show?

Rajan, Raghuram G. - 2005

We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after thiscorrection, we find little robust evidence of a positive (or negative) relationship...

Persistent link: https://www.econbiz.de/10012467166

New Data, New doubts : A Comment on Burnside and Dollar's "Aid, Policies, and Growth" (2000)

Easterly, William - 2003

The Burnside and Dollar (2000, AER) finding that aid raises growth in a good policy environment has had an important influence on policy and academic debates. We conduct a data gathering exercise that updates their data from 1970 -93 to 1970 -97, as well as filling in missing data for the...

Persistent link: https://www.econbiz.de/10012468851

On the Link Between the Volatility and Skewness of Growth

Bekaert, Geert - 2012

In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and … with recent theories of financial frictions. The positive relation between volatility and skewness in the cross-section is …

Persistent link: https://www.econbiz.de/10012460104

Financial Development, Growth, and Crisis : Is There a Trade-Off?

Loayza, Norman - 2018

-run growth and another studying its impact on volatility and crisis--has given way to a more nuanced approach that analyzes the …

Persistent link: https://www.econbiz.de/10012453240