Format:
Online-Ressource (29 p)
Edition:
Online-Ausg.
ISBN:
1484320115
,
9781484320112
Series Statement:
IMF Working Papers Working Paper No. 13/73
Content:
We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD hypothesis, but also shows that aid-receiving countries are not “doomed” to catch DD
Additional Edition:
Erscheint auch als Druck-Ausgabe Kang, Joong Aid, Exports, and Growth: A Time-Series Perspective on the Dutch Disease Hypothesis Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484320112
Language:
English
DOI:
10.5089/9781484320112.001
