LEADER 05598oam 22013694 450 001 9910822180803321 005 20200520144314.0 010 $a1-4623-6495-0 010 $a1-4527-8950-9 010 $a1-283-51834-1 010 $a1-4519-0810-5 010 $a9786613830791 035 $a(CKB)3360000000444003 035 $a(EBL)3014454 035 $a(SSID)ssj0000940865 035 $a(PQKBManifestationID)11598334 035 $a(PQKBTitleCode)TC0000940865 035 $a(PQKBWorkID)10955897 035 $a(PQKB)11776964 035 $a(OCoLC)694141117 035 $a(IMF)WPIEE2006014 035 $a(MiAaPQ)EBC3014454 035 $a(IMF)WPIEA2006014 035 $a(EXLCZ)993360000000444003 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aForeign Aid Policy and Sources of Poverty : $eA Quantitative Framework /$fAlex Mourmouras, Peter Rangazas 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (32 p.) 225 1 $aIMF Working Papers 300 $a"January 2006". 311 $a1-4518-6274-1 327 $a""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"" 330 3 $aThe econometric literature has been unable to establish a robust association between foreign aid and growth and poverty reduction. In this paper we argue that aid effectiveness must be assessed using methods that go beyond cross-country regressions. We calibrate a dynamic general equilibrium model that is capable of generating large income gaps between rich and poor countries. The model quantifies three sources of poverty: (i) lack of access to international capital, (ii) low schooling and high fertility (a poverty trap), and (iii) antigrowth domestic fiscal policy. We analyze policies designed to address each source of poverty and estimate and compare the aid cost of implementing the different policies. The policies differ dramatically in the extent and timing of their growth effects, and in the aid cost of their implementation. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/014 606 $aEconomic assistance$xEconometric models 606 $aEconomic development$xEconometric models 606 $aPoverty$xEconometric models 606 $aAggregate Human Capital$2imf 606 $aAggregate Labor Productivity$2imf 606 $aCapital productivity$2imf 606 $aEducation$2imf 606 $aEducation: General$2imf 606 $aEmployment$2imf 606 $aFiscal Policy$2imf 606 $aFiscal policy$2imf 606 $aIncome economics$2imf 606 $aIndustrial productivity$2imf 606 $aIntergenerational Income Distribution$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aInternational Monetary Arrangements and Institutions$2imf 606 $aLabor$2imf 606 $aLabour$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Production$2imf 606 $aPolicy Coordination$2imf 606 $aPolicy Designs and Consistency$2imf 606 $aPolicy Objectives$2imf 606 $aPoverty & precarity$2imf 606 $aPoverty and Homelessness$2imf 606 $aPoverty$2imf 606 $aProduction and Operations Management$2imf 606 $aProduction$2imf 606 $aProductivity$2imf 606 $aPublic Finance$2imf 606 $aUnemployment$2imf 606 $aWages$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aWelfare, Well-Being, and Poverty: General$2imf 607 $aUnited States$2imf 615 0$aEconomic assistance$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 0$aPoverty$xEconometric models. 615 7$aAggregate Human Capital 615 7$aAggregate Labor Productivity 615 7$aCapital productivity 615 7$aEducation 615 7$aEducation: General 615 7$aEmployment 615 7$aFiscal Policy 615 7$aFiscal policy 615 7$aIncome economics 615 7$aIndustrial productivity 615 7$aIntergenerational Income Distribution 615 7$aInternational Lending and Debt Problems 615 7$aInternational Monetary Arrangements and Institutions 615 7$aLabor 615 7$aLabour 615 7$aMacroeconomics 615 7$aMacroeconomics: Production 615 7$aPolicy Coordination 615 7$aPolicy Designs and Consistency 615 7$aPolicy Objectives 615 7$aPoverty & precarity 615 7$aPoverty and Homelessness 615 7$aPoverty 615 7$aProduction and Operations Management 615 7$aProduction 615 7$aProductivity 615 7$aPublic Finance 615 7$aUnemployment 615 7$aWages 615 7$aWages, Compensation, and Labor Costs: General 615 7$aWelfare, Well-Being, and Poverty: General 700 $aMourmouras$b Alex$0790243 701 $aRangazas$b Peter$0790244 712 02$aIMF Institute. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910822180803321 996 $aForeign Aid Policy and Sources of Poverty$94250883 997 $aUNINA