- Abstract:
-
Contemporary policy debates on the macroeconomics of aid often concentrate on short-run Dutch disease effects, ignoring the possible supply-side impact of aid-financed public expenditure. In the simple model of aid and public expenditure presented here, public infrastructure generates an intertemporal productivity spillover, which may exhibit a sector-specific bias. The model also provides for a learning-by-doing externality, through which total factor productivity in the tradable sector is a...
Expand abstract - Publisher copy:
- 10.1093/wber/lhj011
-
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- Journal:
- World Bank Economic Review
- Volume:
- 20
- Issue:
- 2
- Publication date:
- 2006
- DOI:
- URN:
-
uuid:8449b2f1-25dc-4f23-97c0-dc9f779b156f
- Local pid:
- oai:economics.ouls.ox.ac.uk:9489
- Language:
- English
- Copyright date:
- 2006
Journal article
Aid and the Supply Side: Public Investment, Export Performance, and Dutch Disease in Low-Income Countries.
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