05295oam 22013454 450 991097075220332120250426110744.0978661284188097814623689071462368905978145270367114527036719781282841888128284188297814518709541451870957(CKB)3170000000055140(EBL)1608055(SSID)ssj0001486957(PQKBManifestationID)11928413(PQKBTitleCode)TC0001486957(PQKBWorkID)11478182(PQKB)10737878(OCoLC)762944277(IMF)WPIEE2008237(MiAaPQ)EBC1608055(IMF)WPIEA2008237WPIEA2008237(EXLCZ)99317000000005514020020129d2008 uf 0engur|n|---|||||txtccrThe Spending and Absorption of Aid in PRGF Supported Programs /Jan Martijn, Markus Berndt, Abu Shonchoy, Paolo Dudine1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (46 p.)IMF Working PapersIMF working paper ;WP/08/237Description based upon print version of record.9781451915488 1451915489 Includes bibliographical references.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; ReferencesThis 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 the presence of a PRGFsupported program does not constrain the actual spending and absorption of aid.IMF Working Papers; Working Paper ;No. 2008/237Expenditures, PublicEconometric modelsAbsorptive capacity (Economics)Econometric modelsEconomic assistanceEconometric modelsBalance of payments statisticsimfBalance of paymentsimfComputer Programs: OtherimfCurrent Account AdjustmentimfCurrent account deficitsimfData Collection and Data Estimation MethodologyimfDebt ManagementimfDebtimfDebts, PublicimfDeflationimfEconometrics & economic statisticsimfExports and ImportsimfFinanceimfGovernment debt managementimfGovernment finance statisticsimfInflationimfInternational economicsimfMacroeconomicsimfPrice LevelimfPricesimfPublic finance & taxationimfPublic FinanceimfShort-term Capital MovementsimfSovereign DebtimfStatisticsimfBeninimfExpenditures, PublicEconometric models.Absorptive capacity (Economics)Econometric models.Economic assistanceEconometric models.Balance of payments statisticsBalance of paymentsComputer Programs: OtherCurrent Account AdjustmentCurrent account deficitsData Collection and Data Estimation MethodologyDebt ManagementDebtDebts, PublicDeflationEconometrics & economic statisticsExports and ImportsFinanceGovernment debt managementGovernment finance statisticsInflationInternational economicsMacroeconomicsPrice LevelPricesPublic finance & taxationPublic FinanceShort-term Capital MovementsSovereign DebtStatistics336.39Martijn Jan1816220Berndt Markus1816221Dudine Paolo1451146Shonchoy Abu1816222DcWaIMFBOOK9910970752203321The Spending and Absorption of Aid in PRGF Supported Programs4372017UNINA