Aid, Growth, And Real Exchange Rate Dynamics:
Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In their...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In their paper, "Aid, Growth and Real Exchange Rate Dynamics," this key result is derived without requiring extreme assumptions or additional productivity story. The economic framework is a standard neoclassical growth model, based on the familiar Salter-Swan characterization of an open economy, with full dynamic savings and investment decisions. It does require that the model is fully dynamic in both savings and investment decisions. An important assumption is that aid should be predictable for intertemporal smoothing to take place. If aid volatility forces recipients to be constrained and myopic, Dutch disease problems become an issue |
| Beschreibung: | 1 Online-Ressource (44 Seiten)) |
Internformat
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| 520 | 3 | |a Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In their paper, "Aid, Growth and Real Exchange Rate Dynamics," this key result is derived without requiring extreme assumptions or additional productivity story. The economic framework is a standard neoclassical growth model, based on the familiar Salter-Swan characterization of an open economy, with full dynamic savings and investment decisions. It does require that the model is fully dynamic in both savings and investment decisions. An important assumption is that aid should be predictable for intertemporal smoothing to take place. If aid volatility forces recipients to be constrained and myopic, Dutch disease problems become an issue | |
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Datensatz im Suchindex
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| spelling | Devarajan, Shantayanan Verfasser aut Aid, Growth, And Real Exchange Rate Dynamics Devarajan, Shantayanan Washington, D.C The World Bank 2008 1 Online-Ressource (44 Seiten)) txt rdacontent c rdamedia cr rdacarrier Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In their paper, "Aid, Growth and Real Exchange Rate Dynamics," this key result is derived without requiring extreme assumptions or additional productivity story. The economic framework is a standard neoclassical growth model, based on the familiar Salter-Swan characterization of an open economy, with full dynamic savings and investment decisions. It does require that the model is fully dynamic in both savings and investment decisions. An important assumption is that aid should be predictable for intertemporal smoothing to take place. If aid volatility forces recipients to be constrained and myopic, Dutch disease problems become an issue Online-Ausg Currencies and Exchange Rates Debt Debt Markets Economic Theory and Research Emerging Markets Equilibrium Extreme Poverty Finance and Financial Sector Development Incentive Effects Macroeconomic Management Macroeconomics and Economic Growth Marginal Productivity Open Economy Private Sector Development Productivity Savings Side Effects Go, Delfin S. Sonstige oth Page, John Sonstige oth Thierfelder, Karen Sonstige oth Devarajan, Shantayanan Sonstige oth Robinson, Sherman Sonstige oth Devarajan, Shantayanan Aid, Growth, And Real Exchange Rate Dynamics http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4480 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Devarajan, Shantayanan Aid, Growth, And Real Exchange Rate Dynamics Currencies and Exchange Rates Debt Debt Markets Economic Theory and Research Emerging Markets Equilibrium Extreme Poverty Finance and Financial Sector Development Incentive Effects Macroeconomic Management Macroeconomics and Economic Growth Marginal Productivity Open Economy Private Sector Development Productivity Savings Side Effects |
| title | Aid, Growth, And Real Exchange Rate Dynamics |
| title_auth | Aid, Growth, And Real Exchange Rate Dynamics |
| title_exact_search | Aid, Growth, And Real Exchange Rate Dynamics |
| title_exact_search_txtP | Aid, Growth, And Real Exchange Rate Dynamics |
| title_full | Aid, Growth, And Real Exchange Rate Dynamics Devarajan, Shantayanan |
| title_fullStr | Aid, Growth, And Real Exchange Rate Dynamics Devarajan, Shantayanan |
| title_full_unstemmed | Aid, Growth, And Real Exchange Rate Dynamics Devarajan, Shantayanan |
| title_short | Aid, Growth, And Real Exchange Rate Dynamics |
| title_sort | aid growth and real exchange rate dynamics |
| topic | Currencies and Exchange Rates Debt Debt Markets Economic Theory and Research Emerging Markets Equilibrium Extreme Poverty Finance and Financial Sector Development Incentive Effects Macroeconomic Management Macroeconomics and Economic Growth Marginal Productivity Open Economy Private Sector Development Productivity Savings Side Effects |
| topic_facet | Currencies and Exchange Rates Debt Debt Markets Economic Theory and Research Emerging Markets Equilibrium Extreme Poverty Finance and Financial Sector Development Incentive Effects Macroeconomic Management Macroeconomics and Economic Growth Marginal Productivity Open Economy Private Sector Development Productivity Savings Side Effects |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4480 |
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