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Book

Book
Capacity development : approaches for future megacities
Author:
ISBN: 3868598820 9783868598827 Year: 2014 Publisher: Berlin : Jovis,

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Abstract

The projects in the Future Megacities programme gain valuable experiences in developing energy efficient standards and urban structures with adequate conditions to treat resources with care and avoid unnecessary emissions. To achieve the ambitious objectives, it is essential to convince and enable people to take an active part in sustainable development. This requires qualification and education efforts at different levels, with different target groups and for different topics. This volume presents several proven and evaluated capacity building measures. Proper workmanship, individual responsi


Book
Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis
Authors: --- ---
ISBN: 1484370872 1484363000 1484380592 Year: 2013 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and growth either positively or negatively. As a result, the relation between aid and growth is mixed, consistent with the ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also reduces growth; and, when aid increases exports and imports, it also increases growth. This evidence is consistent with a DD hypothesis, but also shows that aid-receiving countries are not “doomed” to catch DD.


Book
Money Isn’t Everything : The Challenge of Scaling Up Aid to Achieve the Millennium Development Goals in Ethiopia
Author:
ISBN: 1451864523 1462398235 1451991096 9786613824295 1452760233 1283511843 Year: 2006 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper outlines the challenge of developing an operational macroeconomic framework in Ethiopia consistent with the large envisaged scaling up of aid to achieve the Millennium Development Goals (MDGs). This paper describes an MDG scenario that addresses both microeconomic and macroeconomic constraints, such as the need to boost sustainable growth, limit Dutch disease, formulate an exit strategy from aid dependency, enhance public financial management (PFM), and expand the supply of skilled labor. The paper will argue that a carefully sequenced MDG strategy is essential so that the scaled-up aid and public spending will remain in line with Ethiopia's absorptive capacity.

The macroeconomics of scaling up aid: lessons from recent experience
Authors: --- ---
ISBN: 9781589065918 1589065913 Year: 2007 Volume: 253 Publisher: Washington, D.C. IMF


Book
The Spending and Absorption of Aid in PRGF Supported Programs
Authors: --- --- ---
ISBN: 1451915489 1462368905 9786612841880 1451870957 1282841882 1452703671 Year: 2008 Volume: WP/08/237 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow countries to use most or almost all increases in aid within a few years. The paper finds some evidence that the programmed absorption of aid is higher in countries where reserve coverage is above a certain threshold, whereas programmed spending does not seem to depend on inflation. Finally, it shows that the presence of a PRGFsupported program does not constrain the actual spending and absorption of aid.

Keywords

Expenditures, Public --- Absorptive capacity (Economics) --- Economic assistance --- Econometric models. --- Poverty Reduction and Growth Facility (International Monetary Fund) --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- Capacity, Absorptive (Economics) --- Appropriations and expenditures --- Government appropriations --- Government expenditures --- Government spending --- Public expenditures --- Public spending --- Spending, Government --- International Monetary Fund. --- PRGF --- Facilité de réduction de la pauvreté et de croissance (International Monetary Fund) --- FRPC --- Economic policy --- International economic relations --- Conditionality (International relations) --- Capital --- Economic development --- Investments, Foreign --- Loans, Foreign --- Finance, Public --- Public administration --- Government spending policy --- Exports and Imports --- Inflation --- Public Finance --- Statistics --- Debt --- Debt Management --- Sovereign Debt --- Current Account Adjustment --- Short-term Capital Movements --- Price Level --- Deflation --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Public finance & taxation --- International economics --- Macroeconomics --- Econometrics & economic statistics --- Government debt management --- Current account deficits --- Balance of payments statistics --- Government finance statistics --- Debts, Public --- Balance of payments --- Prices --- Finance --- Benin


Book
Where Did All the Aid Go? An Empirical Analysis of Absorption and Spending
Authors: ---
ISBN: 1462342698 1452719837 1283442132 9786613823632 1451913494 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

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), an increase in capital outflows, or reserve accumulation. It is found that short-run absorption is typically very low, with much aid exiting through the capital account. Moreover, aid spending, defined in terms of the increase in government fiscal expenditures as a result of aid, is significantly greater than aid absorption, implying that aid systematically leads to an injection of domestic liquidity in recipient economies. The evidence here may help illuminate the rather weak link between aid and growth found in the literature. It reinforces the case for greater coordination between fiscal and monetary authorities in response to aid inflows.


Book
The Macroeconomics of Scaling Up Aid : Lessons from Recent Experience
Authors: --- --- --- --- --- et al.
ISBN: 1462348165 1451992572 Year: 2007 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This study analyzes key issues associated with large increases in aid, including absorptive capacity, Dutch disease, and inflation. The authors develop a framework that emphasizes the different roles of monetary and fiscal policy and apply it to the recent experience of five countries: Ethiopia, Ghana, Mozambique, Tanzania, and Uganda. These countries have often found it difficult to coordinate monetary and fiscal policy in the face of conflicting objectives, notably to spend the aid money on domestic goods and to avoid excessive exchange rate appreciation.

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