1.

Record Nr.

UNINA9910463616803321

Titolo

The spending and absorption of aid in PRGF supported programs / / Markus Berndt [and three others] ; authorized for distribution by Patricia Alonso-Gamo

Pubbl/distr/stampa

[Washington, District of Columbia] : , : International Monetary Fund, , 2008

©2008

ISBN

1-4623-6890-5

1-4527-0367-1

1-282-84188-2

1-4518-7095-7

9786612841880

Descrizione fisica

1 online resource (46 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/237

Altri autori (Persone)

BerndtMarkus

Alonso-GamoPatricia

Disciplina

336.39

Soggetti

Expenditures, Public - Econometric models

Absorptive capacity (Economics) - Econometric models

Economic assistance - Econometric models

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Background; III. Conceptual Framework; IV. Methodology; V. Results; A. Spending, Absorption, and Smoothing of Aid Increases in PRGF Programs; B. Alternative Model in Levels; VI. Conclusions; Appendices; I. The Dataset; II. The Model; III. Estimation Results; References

Sommario/riassunto

This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow countries to use most or almost



all increases in aid within a few years. The paper finds some evidence that the programmed absorption of aid is higher in countries where reserve coverage is above a certain threshold, whereas programmed spending does not seem to depend on inflation. Finally, it shows that