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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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