The impact of aid on the fiscal behaviour of governments in transition economies
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Dosyalar
Tarih
2009
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Slovak Academic Press Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study contributes to the aid-effectiveness literature by applying a fiscal response model to a panel of 24 transition nations over the periods 1990 - 2005. The study employs various dynamic panel estimation methods in an effort to analyze the impact of foreign aid on governments' fiscal behaviour; that is, government investment, government consumption, public revenue creation and borrowing activities. The findings shed some light on the aid-growth nexus, indicating that aid promotes government investment while does not influence government consumption behaviour. Further, there appears to be a positive association between aid and public borrowing, which can be detrimental to the growth process in transition economies.
Açıklama
Anahtar Kelimeler
Foreign Aid, Fiscal Response, Transition Economies, Dynamic Panel
Kaynak
Ekonomicky Casopis
WoS Q Değeri
Q4
Scopus Q Değeri
Q4
Cilt
57
Sayı
5
