Where Did All the Aid Go? An Empirical Analysis of Absorption and Spending

Where Did All the Aid Go? An Empirical Analysis of Absorption and Spending
This paper examines the macroeconomic usage of aid using panel data for a broad sample of aid-recipients. By definition an increase in aid must go toward a reduction in the current account balance (absorbed aid), an increase in capital outflows, or reserve accumulation. It is found that short-run absorption is typically very low, with much aid... READ MORE...

Publication date: February 2008
ISBN 9781451868968
$18.00

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