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...
| मुख्य लेखकों: | , |
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| स्वरूप: | Working paper |
| भाषा: | English |
| प्रकाशित: |
Centre for the Study of African Economies
2007
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| विषय: |
| सारांश: | 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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