| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10880 |
| DP10880 Virtuous Circles and the Case for Aid | |
| Jonathan Temple | |
| 发表日期 | 2015-10-18 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | It is sometimes argued that foreign aid leads to a virtuous circle in which growth becomes self-reinforcing. We study two versions of this argument, using a modified neoclassical growth model in which the effects of parameter changes and capital accumulation are amplified. Simulations are used to quantify the welfare benefits from aid transfers. We find that, contrary to expectations, amplification makes only a modest difference to the welfare benefits from aid. This is true even when aid allows a faster exit from a vicious circle or poverty trap. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Amplification effects Foreign aid Vicious circles Virtuous circles |
| URL | https://cepr.org/publications/dp10880 |
| 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/539710 |
| 推荐引用方式 GB/T 7714 | Jonathan Temple. DP10880 Virtuous Circles and the Case for Aid. 2015. |
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