LEADER 06703oam 22014534 450 001 9910826450503321 005 20240402051018.0 010 $a1-4623-6486-1 010 $a1-4527-2888-7 010 $a1-282-84258-7 010 $a9786612842580 010 $a1-4518-7183-X 035 $a(CKB)3170000000055211 035 $a(EBL)1608194 035 $a(SSID)ssj0000939911 035 $a(PQKBManifestationID)11489727 035 $a(PQKBTitleCode)TC0000939911 035 $a(PQKBWorkID)10948118 035 $a(PQKB)10616803 035 $a(OCoLC)469097877 035 $a(MiAaPQ)EBC1608194 035 $a(IMF)WPIEE2009036 035 $a(EXLCZ)993170000000055211 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Macroeconomic Impact of Scaled-Up Aid : $eThe Case of Niger /$fEmilio Sacerdoti, Gonzalo Salinas, Abdikarim Farah 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (35 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1619-1 320 $aIncludes bibliographical references. 327 $aContents; The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger; I. Introduction; II. Aid and Growth-Literature Review; III. The Model; A. Supply Side; B. Aid Flows; C. Demand Side; D. Closing of the Model; E. Calibration and Simulation of the Model: the Niger Case; Tables; 1. Assumed Values of Key Parameters for General Equilibrium Simulation; 2. Composition of Assumed Increase in Foreign Aid from 2007 to 2008; Figures; 1. Economic Impact of AID (Scenario I); 3. Incidence of Poverty Under Different Aid Scenarios, 2007-13; F. Comparison to Other Estimates 327 $a4. Increase in GDP Growth Rate Caused by Higher Foreign Aid IV. Conclusions; 2. Aid Impact on Growth (% of GDP); References; Appendix; Effect of the Late Impact Aid on Human Capital Accumulation; Appendix Tables; 1. Scenario I-2007-15; 2. Projections Based on Econometric Findings in Clements, Radelet, and Bhavnani, 2004; 3. Alternative Estimates of the Impact of an Aid Increase by Five Percent of GDP in Niger, 2007-15; Appendix Figures; 1. Scenario II; 2. Scenario III; 3. Scenario IV; 4. Scenario V; 5. Scenario VI; 6. Scenario VII; 7. Scenario VIII 330 3 $aWe develop a simple macroeconomic model that assesses the effects of higher foreign aid on output growth and other macroeconomic variables, including the real exchange rate. The model is easily tractable and requires estimation of only a few basic parameters. It takes into account the impact of aid on physical and human capital accumulation, while recognizing that the impact of the latter is more protracted. Application of the model to Niger-one of the poorest countries in the world-suggests that if foreign aid as a share of GDP were to be permanently increased from the equivalent of 10 percent of GDP in 2007 to 15 percent in 2008, annual economic growth would accelerate by more than 1 percentage point, without generating significant risks for macroeconomic stability. As a result, by 2020 Niger's income per capita would be 12.5 percent higher than it would be without increased foreign aid. Moreover, the higher growth would help Niger to cut the incidence of poverty by 25 percent by 2015, although the country will still be unable to reach the Millennium Development Goal of poverty reduction (MDG 1). 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/036 606 $aEconomic assistance$zNiger 606 $aEconomic development$zNiger 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aInvestments: General$2imf 606 $aLabor$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aMacroeconomics: Production$2imf 606 $aForecasting and Simulation: Models and Applications$2imf 606 $aMacroeconomic Analyses of Economic Development$2imf 606 $aMeasurement of Economic Growth$2imf 606 $aAggregate Productivity$2imf 606 $aCross-Country Output Convergence$2imf 606 $aHuman Capital$2imf 606 $aSkills$2imf 606 $aOccupational Choice$2imf 606 $aLabor Productivity$2imf 606 $aForeign Aid$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aInternational economics$2imf 606 $aMacroeconomics$2imf 606 $aHuman capital$2imf 606 $aReal exchange rates$2imf 606 $aForeign aid$2imf 606 $aAid flows$2imf 606 $aPrivate investment$2imf 606 $aNational accounts$2imf 606 $aInternational relief$2imf 606 $aEconomic assistance$2imf 606 $aSaving and investment$2imf 607 $aNiger$2imf 615 0$aEconomic assistance 615 0$aEconomic development 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aInvestments: General 615 7$aLabor 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aMacroeconomics: Production 615 7$aForecasting and Simulation: Models and Applications 615 7$aMacroeconomic Analyses of Economic Development 615 7$aMeasurement of Economic Growth 615 7$aAggregate Productivity 615 7$aCross-Country Output Convergence 615 7$aHuman Capital 615 7$aSkills 615 7$aOccupational Choice 615 7$aLabor Productivity 615 7$aForeign Aid 615 7$aLabour 615 7$aincome economics 615 7$aCurrency 615 7$aForeign exchange 615 7$aInternational economics 615 7$aMacroeconomics 615 7$aHuman capital 615 7$aReal exchange rates 615 7$aForeign aid 615 7$aAid flows 615 7$aPrivate investment 615 7$aNational accounts 615 7$aInternational relief 615 7$aEconomic assistance 615 7$aSaving and investment 676 $a338.91;338.916 700 $aSacerdoti$b Emilio$01700364 701 $aSalinas$b Gonzalo$01621218 701 $aFarah$b Abdikarim$01700365 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910826450503321 996 $aThe Macroeconomic Impact of Scaled-Up Aid$94083313 997 $aUNINA