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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19807| Title: | Aid, Policies and Growth: A Non-Canonical Alternative for solving This Puzzle. |
| Keywords: | O11 O23 O41 F35 E62 ddc:330 Foreign aid Economic development Economic growth Quantitative approach |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper presents a two-sector small semi-open economy Ramsey growth model involving foreign aid as an input in the production function. An activist government allocates this input endogenously across sectors and optimizes policies in a non-standard way. Once calibrated, mainly on countries exhibiting medium relative prices values, the model reproduces the main stylized facts outlined in the literature and suggests a strategy that could make aid work. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19807 |
| Other Identifiers: | http://hdl.handle.net/10419/19807 ppn:500753962 RePEc:zbw:gdec05:3487 |
| Appears in Collections: | EconStor |
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