The Impact of External Aid and External Debt on Growth and Investment

Henrik Hansen

53 citations0/0 files storedPalgrave Macmillan UK eBooks

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International Development and Aid Global Financial Crisis and Policies Fiscal Policies and Political Economy

Abstract

Additionality. in the sense that debt relief should supplement, not replace, the flow of development aid is a key concept underlying the HIPC Initiative. But assessing the additionality of HIPC debt relief is extremely difficult, if not outright impossible. Some writers (e.g. Birdsall and Williamson, 2002), expect only modest additionality from bilateral donors while they doubt that debt relief from the World Bank can be additional. This leaves the IMF as the main contributor of additional resources. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

1995Another look at the instrumental variable estimation of error-components models 1991A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS 1995INSTITUTIONS AND ECONOMIC PERFORMANCE: CROSS‐COUNTRY TESTS USING ALTERNATIVE INSTITUTIONAL MEASURES 1995Economic Reform and the Process of Global Integration n.d.Aid, Policies, and Growth 2001Aid and growth regressions 1988Financing vs. forgiving a debt overhang 2000Aid effectiveness disputed

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