What Undermines Aid's Impacton Growth?:
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| 520 | 3 | |a 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 | |
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| id | DE-604.BV048347218 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:13Z |
| institution | BVB |
| isbn | 1451861451 9781451861457 |
| language | English |
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| oclc_num | 1337121567 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (54 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Subramanian, Arvind What Undermines Aid's Impacton Growth? |
| title | What Undermines Aid's Impacton Growth? |
| title_auth | What Undermines Aid's Impacton Growth? |
| title_exact_search | What Undermines Aid's Impacton Growth? |
| title_full | What Undermines Aid's Impacton Growth? Subramanian, Arvind |
| title_fullStr | What Undermines Aid's Impacton Growth? Subramanian, Arvind |
| title_full_unstemmed | What Undermines Aid's Impacton Growth? Subramanian, Arvind |
| title_short | What Undermines Aid's Impacton Growth? |
| title_sort | what undermines aid s impacton growth |
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