Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth:
Post-conflict countries receive substantial aid flows after the start of peace. While post-conflict countries' capacity to absorb aid (that is, the quality of their policies and institutions) is built up only gradually after the onset of peace, the evidence suggests that aid tends to peak immed...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Post-conflict countries receive substantial aid flows after the start of peace. While post-conflict countries' capacity to absorb aid (that is, the quality of their policies and institutions) is built up only gradually after the onset of peace, the evidence suggests that aid tends to peak immediately after peace is attained and decline thereafter. Aid composition broadly reflects post-conflict priorities, with large parts of aid financing social expenditure and infrastructure investment. Aid has significant short-term effects on the real exchange rate (RER), as inferred from the behavior of RER in the world. While moderate RER overvaluation is observed in post-conflicts, it cannot be traced down to the aid flows. The empirical evidence on world growth reveals new findings about the pattern of catch-up growth during post-conflicts and the role of key growth determinants on post-conflict growth. Aid is an important determinant of growth, both generally and more strongly during post-conflict periods. Because RER misalignment reduces growth, RER overvaluation during post-conflicts reduces catch-up growth. Aid and RER overvaluation combined also lower growth. But the negative growth effect of RER overvaluation declines with financial development |
| Beschreibung: | 1 Online-Ressource (44 Seiten)) |
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| 520 | 3 | |a Post-conflict countries receive substantial aid flows after the start of peace. While post-conflict countries' capacity to absorb aid (that is, the quality of their policies and institutions) is built up only gradually after the onset of peace, the evidence suggests that aid tends to peak immediately after peace is attained and decline thereafter. Aid composition broadly reflects post-conflict priorities, with large parts of aid financing social expenditure and infrastructure investment. Aid has significant short-term effects on the real exchange rate (RER), as inferred from the behavior of RER in the world. While moderate RER overvaluation is observed in post-conflicts, it cannot be traced down to the aid flows. The empirical evidence on world growth reveals new findings about the pattern of catch-up growth during post-conflicts and the role of key growth determinants on post-conflict growth. Aid is an important determinant of growth, both generally and more strongly during post-conflict periods. Because RER misalignment reduces growth, RER overvaluation during post-conflicts reduces catch-up growth. Aid and RER overvaluation combined also lower growth. But the negative growth effect of RER overvaluation declines with financial development | |
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| spelling | Schmidt-Hebbel, Klaus Verfasser aut Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth Schmidt-Hebbel, Klaus Washington, D.C The World Bank 2007 1 Online-Ressource (44 Seiten)) txt rdacontent c rdamedia cr rdacarrier Post-conflict countries receive substantial aid flows after the start of peace. While post-conflict countries' capacity to absorb aid (that is, the quality of their policies and institutions) is built up only gradually after the onset of peace, the evidence suggests that aid tends to peak immediately after peace is attained and decline thereafter. Aid composition broadly reflects post-conflict priorities, with large parts of aid financing social expenditure and infrastructure investment. Aid has significant short-term effects on the real exchange rate (RER), as inferred from the behavior of RER in the world. While moderate RER overvaluation is observed in post-conflicts, it cannot be traced down to the aid flows. The empirical evidence on world growth reveals new findings about the pattern of catch-up growth during post-conflicts and the role of key growth determinants on post-conflict growth. Aid is an important determinant of growth, both generally and more strongly during post-conflict periods. Because RER misalignment reduces growth, RER overvaluation during post-conflicts reduces catch-up growth. Aid and RER overvaluation combined also lower growth. But the negative growth effect of RER overvaluation declines with financial development Online-Ausg Absorptive Capacities Assets Conflict and Development Currencies and Exchange Rates Current Account Debt Markets Depreciation Development Economics and Aims Domestic-Currency Dutch Disease Economic Growth Economic Theory and Research Economies Economy Emerging Markets Equilibrium Equilibrium Level Export Finance and Financial Sector Development Macroeconomics and Economic Growth Post Conflict Reconstruction Poverty Reduction Private Sector Development Pro-Poor Growth Social Conflict and Violence Social Development Elbadawi, Ibrahim A. Sonstige oth Schmidt-Hebbel, Klaus Sonstige oth Kaltani, Linda Sonstige oth Schmidt-Hebbel, Klaus Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4187 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Schmidt-Hebbel, Klaus Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth Absorptive Capacities Assets Conflict and Development Currencies and Exchange Rates Current Account Debt Markets Depreciation Development Economics and Aims Domestic-Currency Dutch Disease Economic Growth Economic Theory and Research Economies Economy Emerging Markets Equilibrium Equilibrium Level Export Finance and Financial Sector Development Macroeconomics and Economic Growth Post Conflict Reconstruction Poverty Reduction Private Sector Development Pro-Poor Growth Social Conflict and Violence Social Development |
| title | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth |
| title_auth | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth |
| title_exact_search | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth |
| title_exact_search_txtP | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth |
| title_full | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth Schmidt-Hebbel, Klaus |
| title_fullStr | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth Schmidt-Hebbel, Klaus |
| title_full_unstemmed | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth Schmidt-Hebbel, Klaus |
| title_short | Post-Conflict Aid, Real Exchange Rate Adjustment, And Catch-Up Growth |
| title_sort | post conflict aid real exchange rate adjustment and catch up growth |
| topic | Absorptive Capacities Assets Conflict and Development Currencies and Exchange Rates Current Account Debt Markets Depreciation Development Economics and Aims Domestic-Currency Dutch Disease Economic Growth Economic Theory and Research Economies Economy Emerging Markets Equilibrium Equilibrium Level Export Finance and Financial Sector Development Macroeconomics and Economic Growth Post Conflict Reconstruction Poverty Reduction Private Sector Development Pro-Poor Growth Social Conflict and Violence Social Development |
| topic_facet | Absorptive Capacities Assets Conflict and Development Currencies and Exchange Rates Current Account Debt Markets Depreciation Development Economics and Aims Domestic-Currency Dutch Disease Economic Growth Economic Theory and Research Economies Economy Emerging Markets Equilibrium Equilibrium Level Export Finance and Financial Sector Development Macroeconomics and Economic Growth Post Conflict Reconstruction Poverty Reduction Private Sector Development Pro-Poor Growth Social Conflict and Violence Social Development |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4187 |
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