The Resource What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian
What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian
Resource Information
The item What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- 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
- Language
- eng
- Extent
- 1 online resource (54 pages)
- Note
- "June 2005."
- Contents
-
- ""Contents""; ""I. INTRODUCTION""; ""II. AID AND GROWTH: A CHANNEL""; ""III . THE EFFECTS OF REMITTANCES""; ""IV. CONCLUDING REMARKS""; ""Appendix 1: Main Data Sources and Description""; ""Appendix 2: Instrumentation Strategy""; ""References""
- Isbn
- 9786613830784
- Label
- What undermines aid's impact on growth?
- Title
- What undermines aid's impact on growth?
- Statement of responsibility
- prepared by Raghuram G. Rajan and Arvind Subramanian
- Language
- eng
- Summary
- 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
- Cataloging source
- HDC
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Rajan, Raghuram
- Government publication
- international or intergovernmental publication
- Illustrations
- illustrations
- Index
- no index present
- Language note
- English
- LC call number
- HG3810
- LC item number
- .I4525 2005 no.126 ONLINE
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
-
- Subramanian, Arvind
- International Monetary Fund
- Series statement
- IMF Working Paper
- Series volume
- WP/05/126
- http://library.link/vocab/subjectName
-
- Competition, International
- Economic assistance
- Competition, International
- Economic assistance
- Economic policy
- Developing countries
- Developing countries
- Label
- What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian
- Note
- "June 2005."
- Bibliography note
- Includes bibliographical references (pages 52-54)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- black and white
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- ""Contents""; ""I. INTRODUCTION""; ""II. AID AND GROWTH: A CHANNEL""; ""III . THE EFFECTS OF REMITTANCES""; ""IV. CONCLUDING REMARKS""; ""Appendix 1: Main Data Sources and Description""; ""Appendix 2: Instrumentation Strategy""; ""References""
- Control code
- 234310815
- Extent
- 1 online resource (54 pages)
- Form of item
- online
- Isbn
- 9786613830784
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- Specific material designation
- remote
- System control number
- (OCoLC)234310815
- Label
- What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian
- Note
- "June 2005."
- Bibliography note
- Includes bibliographical references (pages 52-54)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- black and white
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- ""Contents""; ""I. INTRODUCTION""; ""II. AID AND GROWTH: A CHANNEL""; ""III . THE EFFECTS OF REMITTANCES""; ""IV. CONCLUDING REMARKS""; ""Appendix 1: Main Data Sources and Description""; ""Appendix 2: Instrumentation Strategy""; ""References""
- Control code
- 234310815
- Extent
- 1 online resource (54 pages)
- Form of item
- online
- Isbn
- 9786613830784
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- Specific material designation
- remote
- System control number
- (OCoLC)234310815
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/What-undermines-aids-impact-on-growth-prepared/7oVJhkKFKkQ/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/What-undermines-aids-impact-on-growth-prepared/7oVJhkKFKkQ/">What undermines aid's impact on growth?, prepared by Raghuram G. Rajan and Arvind Subramanian</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
