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|Additional Physical Format:||Print version:
Business Cycle Fluctuations, Large Shocks, and Development Aid: New Evidence.
Washington : International Monetary Fund, ©2010
|Material Type:||Document, Internet resource|
|Document Type:||Internet Resource, Computer File|
|All Authors / Contributors:||
Era Dabla-Norris; Camelia Minoiu; Luis-Felipe Zanna; International Monetary Fund. Strategy, Policy, and Review Department,; International Monetary Fund. Research Department,; IMF Institute,
|ISBN:||1283560836 9781283560832 9781455215355 145521535X|
|Description:||1 online resource (39 pages) : color illustrations.|
|Contents:||Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature Review; III. Data, Definitions, and Descriptive Statistics; A. Data and Definitions of Aid and Business Cycle Variables; B. Data Exploration: Descriptive Statistics; IV. The Baseline Model and Main Empirical Results; A. The Baseline Model and Estimation Method; B. Aid and the Donor Cycle; C. Aid and the Recipient Cycle; D. Dynamic Effects; E. Aid and Donor-Recipient (Pair-wise) Shocks; V. Extensions and Robustness Analysis; A. Extensions; Aid and the Business Cycle: A Non-linear Relationship. Aid and Donor Public DebtAid and Institutions in Recipient Countries; The Impact of IMF Programs and Other Regressors; B. Robustness Analysis; Gross Aid Flows; Tobit with Random Effects; Accounting for Aid Persistence; Post-Cold War Changes in Aid Regime; VI. Conclusions; Appendix; Figure 1. Bilateral ODA, 1970-2008; Figure 2. Geographical composition of bilateral net ODA, 1970-2007; Table 1. Variable definitions and sources; Table 2. List of countries; Figure 3. Distribution of output gap estimates; Table 3. Summary statistics. Figure 4. Correlation coefficients between the business cycle and aidFigure 5. Yearly probability of a large shock in aid-receiving countries, 1970-2004; Figure 6. Conditional empirical relationship between the donor output gap and aid flows; Table 4. Baseline regressions: Aid flows and the donor cycle; Table 5. Baseline regressions: Aid flows and the donor cycle (large shocks); Table 6. Baseline regressions: Aid flows and the recipient cycle; Table 7. Aid flows and the recipient cycle (large shocks); Table 8. Aid flows and the donor business cycle (dynamic effects). Table 9. Aid flows and the recipient business cycle (dynamic effects)Table 10. Aid flows and simultaneous shocks (contemporaneous effects); Table 11. Aid flows and donor public debt (dynamic effects); Table 12. Aid and institutions in recipient countries; Table 13. Aid flows and the business cycle: Augmented specifications; Table 14. Robustness: Gross aid flows; Table 15. Robustness: Tobit with Random Effects; Table 16. Robustness: Accounting for aid persistence; Table 17. Robustness: Post-Cold War aid regime; References; Footnotes.|
|Series Title:||IMF working paper, WP/10/240.|
|Responsibility:||prepared by Era Dabla-Norris, Camelia Minoiu, and Luis-Felipe Zanna.|