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Assessing the Allocation of Italian Foreign Aid 评估意大利对外援助的分配
PSN: Foreign Aid (Topic) Pub Date : 2009-03-01 DOI: 10.2139/ssrn.1479512
Claudia Maurini, Riccardo Settimo
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引用次数: 5
Does Aid Mitigate External Shocks? 援助能减轻外部冲击吗?
PSN: Foreign Aid (Topic) Pub Date : 2008-05-01 DOI: 10.2139/ssrn.1473726
P. Collier, Benedikt Goderis
{"title":"Does Aid Mitigate External Shocks?","authors":"P. Collier, Benedikt Goderis","doi":"10.2139/ssrn.1473726","DOIUrl":"https://doi.org/10.2139/ssrn.1473726","url":null,"abstract":"This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in commodity-dependent countries. Using a large cross-country dataset, we find that negative shocks matter for short-term growth, while the ex ante risk of shocks does not seem to matter. We also find that both the level of aid and the flexibility of the exchange rate substantially lower the adverse growth effect of shocks. While the mitigating effect of aid is significant in both countries with pegs and countries with floats, the effect seems to be smaller for the latter, suggesting that aid and exchange rate flexibility are partly substitutes. We investigate whether aid has historically been targeted at shock-prone countries, but find no evidence that this is the case. This suggests that donors could increase aid effectiveness by redirecting aid towards countries with a high incidence of commodity export price shocks.","PeriodicalId":309442,"journal":{"name":"PSN: Foreign Aid (Topic)","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121312081","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 62
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