The Allocation of volatile aid and economic growth: Evidence and a suggestive theory
The Allocation of volatile aid and economic growth: Evidence and a suggestive theory
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不稳定的援助分配与经济增长：证据和启发性理论
DOI：
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发表时间：
2007
期刊：
影响因子：
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通讯作者：
D. Varvarigos
中科院分区：
文献类型：
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作者：
K. Neanidis;D. Varvarigos
我们提出的证据援助转移的影响和经济增长的波动程度，并表明，这些影响可以归类为生产性和非生产性目的之间的外国援助的分配。使用随机内生增长模型，我们提供了一个理论合理化我们的经验证据。经验分析和理论分析都得出一个相关的结论：当且仅当援助波动时，才可能出现援助实际上抑制受援国增长率的情况。因此，我们的结论是，只有在与援助的可变性，援助分配决定是否援助伤害或促进趋势增长的存在。
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 theoretical rationalisation for our empirical evidence. Both the empirical and the theoretical analyses generate a pertinent conclusion: situations in which aid actually inhibits the recipient’s growth rate may appear if and only if aid is volatile. As a result, we conclude that it is only in conjunction with the presence of aid variability that aid allocation decisions determine whether aid hurts or promotes trend growth.