| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11657 |
| 来源ID | Working Paper 11657 |
| What Undermines Aid's Impact on Growth? | |
| Raghuram G. Rajan; Arvind Subramanian | |
| 发表日期 | 2005-10-03 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We look for a possible offset to the beneficial effects of aid, using a methodology that exploits both cross-country and within-country variation. We find that aid inflows have systematic adverse effects on a country's competitiveness, as reflected in a decline in the share of labor intensive and tradable industries in the manufacturing sector. We find evidence suggesting that these effects stem from the real exchange rate overvaluation caused by aid inflows. By contrast, private-to-private flows like remittances do not seem to create these adverse effects. We offer an explanation why and conclude with a discussion of the policy implications of these findings. |
| 主题 | Macroeconomics ; International Economics |
| URL | https://www.nber.org/papers/w11657 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569303 |
| 推荐引用方式 GB/T 7714 | Raghuram G. Rajan,Arvind Subramanian. What Undermines Aid's Impact on Growth?. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11657.pdf（330KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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