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Record Nr. |
UNINA9910788697103321 |
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Autore |
Mourmouras Alex |
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Titolo |
Foreign Aid Policy and Sources of Poverty : : A Quantitative Framework / / Alex Mourmouras, Peter Rangazas |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-6495-0 |
1-4527-8950-9 |
1-283-51834-1 |
1-4519-0810-5 |
9786613830791 |
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Descrizione fisica |
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1 online resource (32 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Economic assistance - Econometric models |
Economic development - Econometric models |
Poverty - Econometric models |
Labor |
Public Finance |
Production and Operations Management |
Poverty and Homelessness |
Policy Objectives |
Policy Designs and Consistency |
Policy Coordination |
International Monetary Arrangements and Institutions |
International Lending and Debt Problems |
Fiscal Policy |
Education: General |
Employment |
Unemployment |
Wages |
Intergenerational Income Distribution |
Aggregate Human Capital |
Aggregate Labor Productivity |
Macroeconomics: Production |
Wages, Compensation, and Labor Costs: General |
Welfare, Well-Being, and Poverty: General |
Macroeconomics |
Education |
Labour |
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income economics |
Poverty & precarity |
Fiscal policy |
Capital productivity |
Productivity |
Production |
Poverty |
Industrial productivity |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. RELATED LITERATURE""; ""III. THE MODEL""; ""IV. CROSS- COUNTRY INCOME DIFFERENCES""; ""V. POLICY EXPERIMENTS""; ""VI. THE AID COST OF REFORM""; ""VII. AID FAILURES""; ""VIII. CONCLUSION""; ""REFERENCES""; ""A. Optimal Fiscal Policy in a Closed Economy""; ""B. Optimal Fiscal Policy in an Open Economy"" |
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Sommario/riassunto |
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The econometric literature has been unable to establish a robust association between foreign aid and growth and poverty reduction. In this paper we argue that aid effectiveness must be assessed using methods that go beyond cross-country regressions. We calibrate a dynamic general equilibrium model that is capable of generating large income gaps between rich and poor countries. The model quantifies three sources of poverty: (i) lack of access to international capital, (ii) low schooling and high fertility (a poverty trap), and (iii) antigrowth domestic fiscal policy. We analyze policies designed to address each source of poverty and estimate and compare the aid cost of implementing the different policies. The policies differ dramatically in the extent and timing of their growth effects, and in the aid cost of their implementation. |
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