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| Morrissey, Oliver; Osei, Robert; Lloyd, Tim A.. |
| An important feature of aid to developing countries is that it is given to the government. As a result aid has the potential to affect budgetary behaviour. Although the (albeit limited) aid-growth literature has addressed the effect of aid on policy, it has tended to neglect the effect of aid on the fiscal behaviour of governments. While fiscal response models have been developed to examine the effects of aid on fiscal aggregates - taxation, expenditure and borrowing - the underlying theory is ad hoc and empirical methods used are subject to severe limitations. This paper applies techniques developed in the "macroeconometrics" literature to estimate the dynamic structural relationship between aid and fiscal aggregates. Using vector autoregressive methods,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Aid; Fiscal Response; Ghana; International Development; International Relations/Trade; F35; O23; O11; O55. |
| Ano: 2002 |
URL: http://purl.umn.edu/26226 |
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| Morrissey, Oliver; Zgovu, Evious. |
| This paper estimates the impact on a sample of 34 African, Caribbean and Pacific (ACP) countries of eliminating tariffs on imports from the EU under Economic Partnership Agreements (EPAs), considering trade, welfare and revenue effects. Even assuming ‘immediate’ complete elimination of all tariffs on imports from the EU, some two-thirds of ACP countries are likely to experience welfare gains; the ACP overall and the average ACP country gain. The overall welfare effect relative to GDP tends to be very small, whether positive or negative. While potential tariff revenue losses are non-negligible, given that countries have at least ten years in which to implement the tariff reductions, there is scope for tax substitution. An important issue is identifying the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: EU-ACP; Economic Partnership Agreement; ACP Imports; International Relations/Trade. |
| Ano: 2008 |
URL: http://purl.umn.edu/44205 |
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