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- W2139351129 abstract "We examine the effect of relaxing a binding borrowing constraint for a recipient country on the amount of foreign aid it receives. We do so by developing a two-country, two-period trade-theoretic model. The relaxation of the borrowing constraint reduces the flow of foreign aid, suggesting that the donor views developing nations' access to international credit markets as a substitute for foreign aid." @default.
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- W2139351129 date "2012-01-01" @default.
- W2139351129 modified "2023-09-30" @default.
- W2139351129 title "On the Substitutability between Foreign Aid and International Credit" @default.
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- W2139351129 doi "https://doi.org/10.2139/ssrn.2166049" @default.
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