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...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
2007
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| Subjects: |