援助的波动性、人力资本和增长

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2020-09-01 DOI:10.1086/710321

P. Agénor, Nihal Bayraktar

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引用次数: 4

摘要

我们研究了援助波动对教育成果和经济增长的影响，该模型侧重于低收入经济，在低收入经济中，获得技能受益于部分由外国援助资助的公共补贴。通过对教育净回报产生不确定性，高度的援助波动降低了代理人投资技能的动机。如果储蓄和增长取决于劳动力的构成，那么援助的波动性可能会对投资和产出的平均增长率产生不利影响。一组依赖援助的国家的小组数据回归有力地证明了教育援助的波动性与学校教育结果之间存在负面关系。

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Aid Volatility, Human Capital, and Growth

We study the effect of aid volatility on education outcomes and economic growth, in a model that focuses on a low-income economy where acquiring skills benefits from public subsidies partly financed through foreign aid. By creating uncertainty about the net return to education, a high degree of aid volatility mitigates agents’ incentives to invest in skills. If savings and growth depend on the composition of the labor force, aid volatility may have an adverse effect on the mean growth rates of investment and output. Panel data regressions for a group of aid-dependent countries provide robust evidence of a negative relationship between the volatility of education aid and schooling outcomes.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.