Series: IMF Working Papers
Author(s): Shekhar Aiyar , and Ummul Hasanath Ruthbah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2008
Keywords: Spending, Absorption, Growth, current account balance, reserve accumulation, current account, capital formation, central bank,
This paper examines the macroeconomic usage of aid using panel data for a broad sample of aid-recipients. By definition an increase in aid must go toward a reduction in the current account balance (absorbed aid), a...