Does aid mitigate external shocks?
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 mat...
| Päätekijät: | , |
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| Aineistotyyppi: | Working paper |
| Kieli: | English |
| Julkaistu: |
Centre for the Study of African Economies
2007
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| Aiheet: |
| Yhteenveto: | 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 |
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