A dynamic relationship between foreign aid and domestic fiscal variables in Uganda is analysed using a cointegrated vector autoregressive model over the period 1972-2008. Results show that aid is a significant element of long-run fiscal equilibrium, is associated with increased tax effort and...

This paper evaluates the impact on developing countries of the prohibition of trade related investment measures ( TRIMs). The economic impact of implementing the TRIMs Agreement in GATT 1994, and more generally of liberalising investment measures, is likely to be negative and significant for...

This paper contributes to the literature on FDI and economic growth. We deviate from previous studies by introducing measures of the volatility of FDI inflows. As introduced into the model, these are predicted to have a negative effect on growth. We estimate the standard model using...

This paper reports on trends and levels of capital inflows, and the volatility of such inflows, to a sample of 60 developing countries over the period from 1970 to 1997. The data cover aid and other development finance as the principal forms of official flows, FDI and other private flows, and...

This paper evaluates the impact on Uganda of the liberalisation of world trade, especially in agricultural commodities, as proposed in the Uruguay Round. We can draw three broad conclusions. First, the impact of multilateral liberalisation on a low-income country such as Uganda appears to be...

This book considers the impact of economic reforms on manufacturing performance and explores policy options for promoting manufacturing. Using country-specific case studies spanning Africa, South Asia, South East Asia and Latin America, the authors examine the evidence for and against both trade...