The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger
We 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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 09/36 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | We 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) |
| Beschreibung: | 1 Online-Ressource (33 p) |
| ISBN: | 145187183X 9781451871838 |
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| index_date | 2024-07-03T20:13:28Z |
| indexdate | 2024-07-10T09:35:37Z |
| institution | BVB |
| isbn | 145187183X 9781451871838 |
| language | English |
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| series2 | IMF Working Papers |
| spelling | Sacerdoti, Emilio Verfasser aut The Macroeconomic Impact of Scaled-Up Aid The Case of Niger Sacerdoti, Emilio Washington, D.C International Monetary Fund 2009 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/36 We 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) Online-Ausg Farah, Abdikarim Sonstige oth Salinas, Gonzalo Sonstige oth http://elibrary.imf.org/view/IMF001/09945-9781451871838/09945-9781451871838/09945-9781451871838.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Sacerdoti, Emilio The Macroeconomic Impact of Scaled-Up Aid The Case of Niger |
| title | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger |
| title_auth | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger |
| title_exact_search | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger |
| title_exact_search_txtP | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger |
| title_full | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger Sacerdoti, Emilio |
| title_fullStr | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger Sacerdoti, Emilio |
| title_full_unstemmed | The Macroeconomic Impact of Scaled-Up Aid The Case of Niger Sacerdoti, Emilio |
| title_short | The Macroeconomic Impact of Scaled-Up Aid |
| title_sort | the macroeconomic impact of scaled up aid the case of niger |
| title_sub | The Case of Niger |
| url | http://elibrary.imf.org/view/IMF001/09945-9781451871838/09945-9781451871838/09945-9781451871838.xml |
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