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Immiserizing Foreign Aid : the Role of Tariffs and Nontraded Goods /

International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an importcompeting sector in the presence of tariff protection. This paper analyzes the impact of aid, in the form of an inc...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Tokarick, Stephen
Autor Corporativo: International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2006.
Colección:IMF Working Papers ; Working Paper no. 06/129.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an importcompeting sector in the presence of tariff protection. This paper analyzes the impact of aid, in the form of an increase in the capital stock used only in the nontraded sector, on real income. Yano and Nugent (1999) discussed this issue, but their analysis turned out to be incorrect. This paper demonstrates that whether aid in the form of an increase in capital specific to the nontraded sector reduces welfare depends on how aid affects the price of the nontraded good and on whether imports and the nontraded good are substitutes or complements in demand.
Notas:Available in PDF, ePUB, and Mobi formats on the Internet.
Descripción Física:1 online resource (17 pages)
Bibliografía:Includes bibliographical references.
ISBN:1451992300
9781451992304
128351222X
9781283512220
1462337694
9781462337699
1452759227
9781452759227
9786613824677
6613824674
9781451863895
1451863896
ISSN:2227-8885 ;