The allocation of volatile aid and economic growth: evidence and a suggestive theory
We present evidence on the effects of aid transfers and their degree of volatility on economic growth and show that these effects can be categorised in relation to the allocation of foreign aid between productive and non-productive purposes. Using a stochastic endogenous growth model, we provide a t...
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| Main Authors: | , |
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| Format: | Default Preprint |
| Published: |
2007
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/2745 |
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