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Dynamic aid allocation

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Dynamic aid allocation. / Carter, Paddy W; Postel-Vinay, Fabien; Temple, Jonathan R W.

In: Journal of International Economics, 03.2015.

Research output: Contribution to journalArticle

Harvard

Carter, PW, Postel-Vinay, F & Temple, JRW 2015, 'Dynamic aid allocation', Journal of International Economics. https://doi.org/10.1016/j.jinteco.2014.11.005

APA

Carter, P. W., Postel-Vinay, F., & Temple, J. R. W. (2015). Dynamic aid allocation. Journal of International Economics. https://doi.org/10.1016/j.jinteco.2014.11.005

Vancouver

Carter PW, Postel-Vinay F, Temple JRW. Dynamic aid allocation. Journal of International Economics. 2015 Mar. https://doi.org/10.1016/j.jinteco.2014.11.005

Author

Carter, Paddy W ; Postel-Vinay, Fabien ; Temple, Jonathan R W. / Dynamic aid allocation. In: Journal of International Economics. 2015.

Bibtex

@article{d98c69836ff04b469af6f600834b18e7,
title = "Dynamic aid allocation",
abstract = "This paper introduces a framework for studying the optimal dynamic allocation of foreign aid among multiple recipients. We pose the problem as one of weighted global welfare maximization. A donor in the North chooses an optimal path for international transfers, anticipating that consumption and investment decisions will be made by optimizing households in the South, and accounting for limits in the extent to which recipients can effectively absorb aid. We present quantitative results on optimal aid policy by applying our approach to a neoclassical growth model, where the scope for aid-funded growth is determined by the recipients’ distance from steady-state.",
keywords = "Aid Allocation, Foreign Aid, Economic Growth",
author = "Carter, {Paddy W} and Fabien Postel-Vinay and Temple, {Jonathan R W}",
year = "2015",
month = "3",
doi = "10.1016/j.jinteco.2014.11.005",
language = "English",
journal = "Journal of International Economics",
issn = "0022-1996",
publisher = "Amsterdam:Elsevier",

}

RIS - suitable for import to EndNote

TY - JOUR

T1 - Dynamic aid allocation

AU - Carter, Paddy W

AU - Postel-Vinay, Fabien

AU - Temple, Jonathan R W

PY - 2015/3

Y1 - 2015/3

N2 - This paper introduces a framework for studying the optimal dynamic allocation of foreign aid among multiple recipients. We pose the problem as one of weighted global welfare maximization. A donor in the North chooses an optimal path for international transfers, anticipating that consumption and investment decisions will be made by optimizing households in the South, and accounting for limits in the extent to which recipients can effectively absorb aid. We present quantitative results on optimal aid policy by applying our approach to a neoclassical growth model, where the scope for aid-funded growth is determined by the recipients’ distance from steady-state.

AB - This paper introduces a framework for studying the optimal dynamic allocation of foreign aid among multiple recipients. We pose the problem as one of weighted global welfare maximization. A donor in the North chooses an optimal path for international transfers, anticipating that consumption and investment decisions will be made by optimizing households in the South, and accounting for limits in the extent to which recipients can effectively absorb aid. We present quantitative results on optimal aid policy by applying our approach to a neoclassical growth model, where the scope for aid-funded growth is determined by the recipients’ distance from steady-state.

KW - Aid Allocation

KW - Foreign Aid

KW - Economic Growth

U2 - 10.1016/j.jinteco.2014.11.005

DO - 10.1016/j.jinteco.2014.11.005

M3 - Article

JO - Journal of International Economics

JF - Journal of International Economics

SN - 0022-1996

ER -