What does aid do to fiscal policy? : new evidence /

Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. This paper revisits fiscal effects of shifts in aid dependency in 59 developing countries from 1960 to 2010. It identifies structural shifts in aid de...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Combes, Jean-Louis, 1965- (Autor, (IMF staff)), Ouedraogo, Rasmane (Autor, (IMF staff)), Tapsoba, Sampawende J.-A. (Sampawende Jules-Armand) (Autor, (IMF staff))
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2016]
Colección:IMF working paper ; WP/16/112.
Temas:
Economic assistance > Developing countries.
Fiscal policy > Developing countries.
Structural adjustment (Economic policy) > Developing countries.
BUSINESS & ECONOMICS > Industries > General.
Economic assistance.
Fiscal policy.
Structural adjustment (Economic policy)
Developing countries.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; Abstract; I. Introduction; II. Overview of the Literature; III. Econometric Strategy; A. Shifts in Aid Dependency: A Structural Shift Approach; B. Propensity Score Matching Approach; C. Selection Model: Estimating the Propensity Scores; IV. Dataset; V. Results; A. Determinants of Aid Shifts; B. Effects of Aid Shifts; C. Non-linear Effects of Aid Shifts; D. Time-varying Effects of Aid Shifts; VI. Robustness Checks; VII. Conclusion; References; Tables; Table 1. Determinants of Aid Shifts; Table 2. Effects of Aid Shift.
  • Table 3. Effects of Shifts in Aid Dependency on Revenue ItemsTable 4. IMF-supported Programs and Tax Displacement; Table 5. Role of Quality of Governance and Absorptive Capacity and Fiscal Effects of Aid; Table 6. Time-varying Effects of Aid Shifts; Table 7. Robustness Checks: Fiscal Effects of Aid Shifts; Figures; 1. Representation of Possible Shifts in Aid Dependency; 2. Shifts in Aid Dependency in Central African Republic and Nepal, Aid-to-GDP (percent), 1960-2010; 3. Overview of Shifts in Aid Dependency, Numbers of Shifts, 1960-2010; Appendices; A1. Distribution of Aid Shifts by Country.
  • A2. Descriptive StatisticsA3. Components of the Index of Absorptive Capacity; A4. The Propensity Scores Matching (PSM) Method; A5. Balance Tests.

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