This paper reviews the debate on the macroeconomic effects of foreign aid. The paper starts with an analytical review of the meaning of a foreign exchange bottleneck and of the criticisms raised against foreign aid. The review is followed by a brief survey of recent empirical work testing the criticisms raised against foreign aid. The paper concludes with a summary of simulation results designed to calculate the effects of different levels and sequences...
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INFORMACIÓN
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1987/05/01
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Documento de trabajo departamental
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DRD300
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1
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1
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2013/06/10
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Disclosed
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The macroeconomic effects of foreign aid : issues and evidence
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foreign exchange