| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP971 |
| DP971 Human Capital Distribution, Technological Progress, and Economic Growth | |
| Oded Galor; Daniel Tsiddon | |
| 发表日期 | 1994-06-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle: reforms are postponed because they are costly and each distributional faction hopes to reduce its share of the cost by outlasting its opponents in obstructing the required policies. Since the delay is used to signal each faction's strength, the effect of the transfer depends on the role it plays in the release of information. We show that this role depends on the timing of the transfer: foreign aid decided and transferred sufficiently early into the game leads to earlier stabilization; but aid decided or transferred too late is destabilizing and encourages further postponement of reforms. |
| 主题 | International Macroeconomics |
| 关键词 | Distributional struggle Foreign aid Stabilization |
| URL | https://cepr.org/publications/dp971 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530110 |
| 推荐引用方式 GB/T 7714 | Oded Galor,Daniel Tsiddon. DP971 Human Capital Distribution, Technological Progress, and Economic Growth. 1994. |
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