Aid, non-traded goods, and growth

Takumi Naito*

*この研究の対応する著者

研究成果: Article査読

抄録

Abstract. We examine the effects of foreign aid in a small recipient country with two traded goods, one non-traded good, and two factors. Learning by doing and intersectoral knowledge spillovers contribute to endogenous growth. We obtain two main results. First, a permanent increase in untied aid raises (or lowers) the growth rate if and only if the non-traded good is more capital intensive (or effective labour intensive) than the operating traded good. Second, a permanent increase in untied aid raises welfare if the non-traded good is more capital intensive than the operating traded good; otherwise, it may raise or lower welfare.

本文言語English
ページ(範囲)423-439
ページ数17
ジャーナルCanadian Journal of Economics
43
2
DOI
出版ステータスPublished - 2010 5月 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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