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Does aid mitigate external shocks?

Abstract:
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
Publication status:
Published
Peer review status:
Not peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
CSAE
Oxford college:
St Antony's College
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
CSAE
Role:
Author
Publisher:
Centre for the Study of African Economies
Series:
Working Paper Series
Publication date:
2007-01-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:28fcf967-96e3-4b71-bf2a-5a044a259e92
Local pid:
oai:economics.ouls.ox.ac.uk:13634
Deposit date:
2011-08-15

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