Foreign Aid Policy and Sources of Poverty : : A Quantitative Framework / / Alex Mourmouras, Peter Rangazas

• Autore: Mourmouras Alex
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (32 p.)
• Soggetto topico: Economic assistance - Econometric models; Economic development - Econometric models; Poverty - Econometric models; Aggregate Human Capital; Aggregate Labor Productivity; Capital productivity; Education; Education: General; Employment; Fiscal Policy; Fiscal policy; Income economics; Industrial productivity; Intergenerational Income Distribution; International Lending and Debt Problems; International Monetary Arrangements and Institutions; Labor; Labour; Macroeconomics; Macroeconomics: Production; Policy Coordination; Policy Designs and Consistency; Policy Objectives; Poverty & precarity; Poverty and Homelessness; Poverty; Production and Operations Management; Production; Productivity; Public Finance; Unemployment; Wages; Wages, Compensation, and Labor Costs: General; Welfare, Well-Being, and Poverty: General
• Soggetto geografico: United States
• Altri autori: RangazasPeter
• Note generali: "January 2006".
• Nota di contenuto: ""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""
• Sommario/riassunto: The 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.
• Titolo autorizzato: Foreign Aid Policy and Sources of Poverty
• ISBN: 1-4623-6495-0; 1-4527-8950-9; 1-283-51834-1; 1-4519-0810-5; 9786613830791
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910822180803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/014