This paper considers whether foreign aid given for specific categories of expenditure is fungible among them and whether aid reduces tax effort by the recipient government. Models developed to analyze the fiscal relations among different levels of government in the United States are applied to...

The authors of this volume analyze the policies that led to East Asia's economic success, including those affecting human resources, savings, the financial sector, trade and institutions, and examine the lessons these policies carry for Latin America. The genesis of this book was an...