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• W2066741499 abstract "Abstract The impact of aid on the macro-economy is ambiguous. Aid that increases expenditure may cause real exchange rate appreciation. However, if the capital stock in the traded goods sector rises then output might not contract, and if investment in the non-traded goods sector is relatively productive then real exchange rate appreciation could be avoided. We examine aid inflows in 10 Pacific island states, and find them to produce a variety of outcomes. Applying our model to other small island states around the world, we analyse the country-specific characteristics that determine the macroeconomic impact of aid, and draw policy conclusions." @default.
• W2066741499 created "2016-06-24" @default.
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• W2066741499 date "2010-05-01" @default.
• W2066741499 modified "2023-09-25" @default.
• W2066741499 title "Aid and Dutch Disease in the South Pacific and in Other Small Island States" @default.
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• W2066741499 doi "https://doi.org/10.1080/00220381003623855" @default.
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