| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10211 |
| DP10211 Foreign Aid and Domestic Absorption | |
| Jonathan Temple | |
| 发表日期 | 2014-10-19 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We introduce a new `supply-push' instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption, investment, imports and exports to GDP. We cannot reject the hypothesis that aid is fully absorbed rather than used to build foreign reserves or exiting as capital flight, nor do we find evidence of Dutch Disease effects. Aid leads to higher consumption, while the evidence that it promotes investment is less robust. |
| 主题 | International Macroeconomics |
| 关键词 | Absorption Dutch disease Foreign aid |
| URL | https://cepr.org/publications/dp10211 |
| 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/539044 |
| 推荐引用方式 GB/T 7714 | Jonathan Temple. DP10211 Foreign Aid and Domestic Absorption. 2014. |
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