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The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

2010-07-01 Business & Economics
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Release : 2010-07-01
Genre : Business & Economics
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Book Rating : 43X/5 ( reviews)

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Book Synopsis The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios by : Jan Gottschalk

Download or read book The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios written by Jan Gottschalk. This book was released on 2010-07-01. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing (LBD) externality that captures Dutch disease effects. On the policy front, it distinguishes between spending the aid, which is controlled by the fiscal authority, and absorbing the aid - financing a higher current account deficit - which is influenced by the central bank's reserve accumulation policies. We calibrate the model to Uganda and run several experiments. We find that a policy mix that results in full spending and absorption of aid can generate temporary demand and real exchange rate appreciation pressures, but also have a positive effect on real GDP in the medium term, through higher public capital. Full spending with partial absorption, on the other hand, may stem appreciation pressures but can also induce adverse medium-term real GDP effects, through private sector crowding out. When aid is very inefficiently invested and there are strong LBD externalities, aid can be harmful, and partial absorption policies may be justified. But in this case, a welfare improving solution is to defer spending or - even better if possible - raise its efficiency.

Macroeconomic Challenges of Scaling Up Aid to Africa

2006-03-20 Business & Economics
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Release : 2006-03-20
Genre : Business & Economics
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Book Rating : 055/5 ( reviews)

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Book Synopsis Macroeconomic Challenges of Scaling Up Aid to Africa by : Yongzheng Yang

Download or read book Macroeconomic Challenges of Scaling Up Aid to Africa written by Yongzheng Yang. This book was released on 2006-03-20. Available in PDF, EPUB and Kindle. Book excerpt: Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. The handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.

The Macroeconomic Challenges of Scaling Up Aid to Africa

2005-09-01
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Release : 2005-09-01
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Kind : eBook
Book Rating : 983/5 ( reviews)

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Book Synopsis The Macroeconomic Challenges of Scaling Up Aid to Africa by : Yongzheng Yang

Download or read book The Macroeconomic Challenges of Scaling Up Aid to Africa written by Yongzheng Yang. This book was released on 2005-09-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are most likely to be developed in the context of a country's efforts to achieve the Millennium Development Goals (MDGs) with the support of the international donor community. The paper stresses that when preparing a scaling-up scenario it is critical to have a detailed understanding of the likely use of additional aid flows.

The Macroeconomic Challenges of Scaling Up Aid to Africa

2006 Business & Economics
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Release : 2006
Genre : Business & Economics
Kind : eBook
Book Rating : 677/5 ( reviews)

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Book Synopsis The Macroeconomic Challenges of Scaling Up Aid to Africa by : Yongzheng Yang

Download or read book The Macroeconomic Challenges of Scaling Up Aid to Africa written by Yongzheng Yang. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. the handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.

Going Beyond Aid

2017-01-20 Business & Economics
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Release : 2017-01-20
Genre : Business & Economics
Kind : eBook
Book Rating : 216/5 ( reviews)

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Book Synopsis Going Beyond Aid by : Justin Yifu Lin

Download or read book Going Beyond Aid written by Justin Yifu Lin. This book was released on 2017-01-20. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation, and is hence ineffective. In this book, Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid and cooperation from the angle of structural transformation. By studying the successful economic transformation of countries such as China and South Korea through 'multiple win' solutions based on comparative advantages and economy of scale, and by presenting new ideas and different perspectives from emerging market economies such as Brazil, India and other BRICS countries, they bring a new narrative to broaden the ongoing discussions of post-2015 development aid and cooperation as well as the definitions of aid and cooperation.

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