Numerous econometric studies fail to detect a significant and robust relationship between international aid and economic growth in the recipient countries. Dutch Disease effects might be responsible for this result. This paper examines the relation between aid and its effectiveness in a multi-sector multi-household Computable General Equilibrium (CGE)-framework.
University of Duisburg-Essen
Source / Citation
Volker Clausen, Hannah Hannah Schurenberg-Frosch. 2012. "Aid, spending strategies and productivity effects: A multi-sectoral CGE analysis for Zambia." Economic Modelling 29(6):2254-2268.http://dx.doi.org/10.1016/j.econmod.2012.06.018