Welfare gains of aid indexation in small open economies / / Anubha Dhasmana ; authorized for distribution by Andrew Berg
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| Autore: |
Dhasmana Anubha
|
| Titolo: |
Welfare gains of aid indexation in small open economies / / Anubha Dhasmana ; authorized for distribution by Andrew Berg
|
| Pubblicazione: | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
| ©2008 | |
| Descrizione fisica: | 1 online resource (40 p.) |
| Disciplina: | 338.91 |
| Soggetto topico: | Economic assistance - Developing countries - Econometric models |
| Economic development - Developing countries - Econometric models | |
| Business cycles - Developing countries - Econometric models | |
| Soggetto genere / forma: | Electronic books. |
| Altri autori: |
BergAndrew
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; 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 |
| 7. Welfare gains from indexed Aid 4. Stationary capital distribution; 8. Welfare gains from indexed Aid; 9. Welfare gains from indexed Aid; References; References | |
| Sommario/riassunto: | Foreign 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 |
| Titolo autorizzato: | Welfare gains of aid indexation in small open economies |
| ISBN: | 1-4623-8910-4 |
| 1-4527-7027-1 | |
| 1-282-84056-8 | |
| 9786612840562 | |
| 1-4518-6962-2 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910464009803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers