Aid for Trade and Global Growth

Takumi Naito*

*この研究の対応する著者

研究成果: Article査読

3 被引用数 (Scopus)

抄録

Aid for trade increases a recipient's public services, which lower its import and export transport costs. Formulating a two-country endogenous growth model, we obtain two main results. First, a permanent increase in the donor's aid/gross domestic product (GDP) ratio raises the steady-state growth rate as well as both countries' long-run fractions and cost shares of imported varieties if and only if it lowers the product of transport costs. Second, under a plausible condition, there exists a unique interior growth-maximizing aid/GDP ratio. These results are robust to alternative specifications for congestion and stock-flow nature of public goods.

本文言語English
ページ(範囲)1178-1201
ページ数24
ジャーナルReview of International Economics
24
5
DOI
出版ステータスPublished - 2016 11月 1

ASJC Scopus subject areas

  • 地理、計画および開発
  • 開発

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