In: Ekonomický časopis/Journal of Economics, vol. 57, no. 5
Lütfi Erden - Aytekin Güven
Detaily:
Rok, strany: 2009, 445 - 457
Kľúčové slová:
foreign aid, fiscal response, transition economies, dynamic panel
Typ článku: Vedecký článok / Article
O článku:
This study contributes to the aid-effectiveness literature by applying a fiscal response model to a panel of 24 transition nations over the periods 1990 – 2005. The study employs various dynamic panel estimation methods in an effort to analyze the impact of foreign aid on governments’ fiscal behaviour; that is, government investment, government consumption, public revenue creation and bor-rowing activities. The findings shed some light on the aid-growth nexus, indicating that aid promotes government investment while does not influence government consumption behaviour. Further, there appears to be a positive association between aid and public borrowing, which can be detrimental to the growth process in transition economies.
This study contributes to the aid-effectiveness literature by applying a fiscal response model to a panel of 24 transition nations over the periods 1990 – 2005. The study employs various dynamic panel estimation methods in an effort to analyze the impact of foreign aid on governments’ fiscal behaviour; that is, government investment, government consumption, public revenue creation and bor-rowing activities. The findings shed some light on the aid-growth nexus, indicating that aid promotes government investment while does not influence government consumption behaviour. Further, there appears to be a positive association between aid and public borrowing, which can be detrimental to the growth process in transition economies.
Ako citovať:
ISO 690:
Erden, L., Güven, A. 2009. The Impact of Aid on the Fiscal Behaviour of Governments in Transition Economies. In Ekonomický časopis/Journal of Economics, vol. 57, no.5, pp. 445-457. 0013-3035.
APA:
Erden, L., Güven, A. (2009). The Impact of Aid on the Fiscal Behaviour of Governments in Transition Economies. Ekonomický časopis/Journal of Economics, 57(5), 445-457. 0013-3035.