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Observation, correlation and policy analysis: A response to Foster

✍ Scribed by Roderick A. Rose; Susan L. Parish; Joan P. Yoo


Book ID
113908548
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
102 KB
Volume
70
Category
Article
ISSN
0277-9536

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## Abstract This paper estimates a model of fiscal response to analyse the impact of aid on government consumption and investment, tax revenue and public borrowing in Nicaragua in 1966–2004. This country is an interesting case study since aid flowsβ€”i.e. grants and aid loansβ€”averaged more than 8 per