cam a22 2 b4500 530163446 CHVBK 20201027045314.0 m d cr |n |||||||| 130723e20050601dcu s|||| 0 |eng|d 978-1-4519-0681-3 1-4519-0681-1 (EBook) : USD 15.00 Retail Price (Publisher) (SERSOL)ssj0001488741 (WaSeSS)ssj0001488741 BIP US WaSeSS Subramanian Arvind Author What Undermines Aid's Impact on Growth? [Elektronische Daten] Washington International Monetary Fund June 2005 1 online resource (23 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We look for a possible offset to the beneficial effects of aid, using a methodology that exploits both cross-country and within-country variation. We find that aid inflows have systematic adverse effects on a country's competitiveness, as reflected in a decline in the share of labor intensive and tradable industries in the manufacturing sector. We find evidence suggesting that these effects stem from the real exchange rate overvaluation caused by aid inflows. By contrast, private-to-private flows like remittances do not seem to create these adverse effects. We offer an explanation why and conclude with a discussion of the policy implications of these findings. Rajan Raghuram Author http://elibrary.imf.org/view/IMF001/07909-9781451861457/07909-9781451861457/07909-9781451861457.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Subramanian Arvind Author IDSBB 700 1- Rajan Raghuram Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/07909-9781451861457/07909-9781451861457/07909-9781451861457.xml Volltext frei zugänglich