Grundsatz bei der Aufstellung des südafrikanischen Staatshaushalts ist fiskalische Disziplin. Um die Ungerechtigkeiten des Apartheidsystems ausgleichen zu können, bleibt dem Staat deshalb nur eine Veränderung der Ausgabenstruktur. Die Autoren untersuchen die makroökonomischen Wirkungen einer...

This paper considers the impact of agriculture and international trade development on income distribution and economic activity in Mozambique. A social accounting matrix multiplier decomposition model is used -- in particular, an extension of the standard model that details the process of income...

This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e.g., poverty and infant mortality), and measures of...

Does foreign aid promote aggregate economic growth? In contrast to widespread perceptions, academic studies of this question have been rapidly converging towards a positive answer. We employ a simulation approach to (i) validate the coherence of recent empirics and (ii) calculate plausible...

The notion that foreign aid harms the institutions of recipient governments remains prevalent. We combine new disaggregated aid data and various metrics of political institutions to re-examine this relationship. Long-run cross-section and alternative dynamic panel estimators show a small...