LEADER 03472nam 2200661 450 001 9910464009803321 005 20181114221844.0 010 $a1-4623-8910-4 010 $a1-4527-7027-1 010 $a1-282-84056-8 010 $a9786612840562 010 $a1-4518-6962-2 035 $a(CKB)3170000000055012 035 $a(EBL)1607849 035 $a(SSID)ssj0001488371 035 $a(PQKBManifestationID)11805053 035 $a(PQKBTitleCode)TC0001488371 035 $a(PQKBWorkID)11430473 035 $a(PQKB)11542031 035 $a(OCoLC)815737074 035 $a(MiAaPQ)EBC1607849 035 $a(EXLCZ)993170000000055012 100 $a20140227h20082008 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWelfare gains of aid indexation in small open economies /$fAnubha Dhasmana ; authorized for distribution by Andrew Berg 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (40 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/101 300 $aDescription based upon print version of record. 311 $a1-4519-1416-4 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Primary Commodity Exports and Price Volatility; III. The Benchmark Model; IV. Model Calibration and Comparative Statics; V. Dynamics; VI. Results; VII. Conclusion; Figures; 1. Resource flow as a percentage of GDP; Tables; 1. Dynamic behavior of Aid; 2. Share of the leading primary commodity export (97-99); 3. Share of the Top Three Primary Commodities, (1997-99); 4. Instability indices of prices of major primary commodities during 1957-1999; 2. Steady state values; 3. Sensitivity analysis; 6. Welfare cost under alternative model specifications 327 $a7. Welfare gains from indexed Aid 4. Stationary capital distribution; 8. Welfare gains from indexed Aid; 9. Welfare gains from indexed Aid; References; References 330 $aForeign aid flows to poor, aid-dependent economies are highly volatile and pro-cyclical. Shortfalls in aid coincide with shortfalls in GDP and government revenues. This increases the consumption volatility in aid dependent countries, thereby causing substantial welfare losses. This paper finds that indexing aid flows to exogenous shocks like a change in the terms of trade can significantly improve the welfare of aid-dependent country by lowering its output and consumption volatility. Compared to the benchmark specification with stochastic aid flows, indexation of aid flows to terms of trade 410 0$aIMF Working Papers 606 $aEconomic assistance$zDeveloping countries$xEconometric models 606 $aEconomic development$zDeveloping countries$xEconometric models 606 $aBusiness cycles$zDeveloping countries$xEconometric models 608 $aElectronic books. 615 0$aEconomic assistance$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 0$aBusiness cycles$xEconometric models. 676 $a338.91 700 $aDhasmana$b Anubha$0872384 701 $aBerg$b Andrew$0861129 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464009803321 996 $aWelfare gains of aid indexation in small open economies$92273589 997 $aUNINA