1.

Record Nr.

UNINA9910967124303321

Autore

Mourmouras Alex

Titolo

Foreign Aid Policy and Sources of Poverty : : A Quantitative Framework / / Alex Mourmouras, Peter Rangazas

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613830791

9781462364954

1462364950

9781452789507

1452789509

9781283518345

1283518341

9781451908107

1451908105

Edizione

[1st ed.]

Descrizione fisica

1 online resource (32 p.)

Collana

IMF Working Papers

Altri autori (Persone)

RangazasPeter

Soggetti

Economic assistance - Econometric models

Economic development - Econometric models

Poverty - Econometric models

Aggregate Human Capital

Aggregate Labor Productivity

Capital productivity

Education

Education: General

Employment

Fiscal Policy

Fiscal policy

Income economics

Industrial productivity

Intergenerational Income Distribution

International Lending and Debt Problems

International Monetary Arrangements and Institutions

Labor

Labour

Macroeconomics

Macroeconomics: Production

Policy Coordination

Policy Designs and Consistency



Policy Objectives

Poverty & precarity

Poverty and Homelessness

Poverty

Production and Operations Management

Production

Productivity

Public Finance

Unemployment

Wages

Wages, Compensation, and Labor Costs: General

Welfare, Well-Being, and Poverty: General

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"January 2006".

Nota di contenuto

""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""

Sommario/riassunto

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.