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Multiple equilibria arising from donor’s aid policy in economic development

✍ Scribed by Koji Kitaura; Hikaru Ogawa; Sayaka Yakita

Book ID
113722637
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
294 KB
Volume
33
Category
Article
ISSN
0164-0704

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## Abstract This note adds to the research which questions the recent influential view that recipient country's ‘policies’ play an important role in the effect of foreign aid on economic growth in developing countries. In the first step, the almost universal practice of imposing the constraint of e