Post conflict Aid Real Exchange Rate Adjustment and Catch up Growth is popular PDF and ePub book, written by Ibrahim Elbadawi in 2007, it is a fantastic choice for those who relish reading online the Absorptive Capacities genre. Let's immerse ourselves in this engaging Absorptive Capacities book by exploring the summary and details provided below. Remember, Post conflict Aid Real Exchange Rate Adjustment and Catch up Growth can be Read Online from any device for your convenience.
Post conflict Aid Real Exchange Rate Adjustment and Catch up Growth Book PDF Summary
Post-conflict countries receive substantial aid flows after the start of peace. While post-conflict countries' capacity to absorb aid (that is, the quality of their policies and institutions) is built up only gradually after the onset of peace, the evidence suggests that aid tends to peak immediately after peace is attained and decline thereafter. Aid composition broadly reflects post-conflict priorities, with large parts of aid financing social expenditure and infrastructure investment. Aid has significant short-term effects on the real exchange rate (RER), as inferred from the behavior of RER in the world. While moderate RER overvaluation is observed in post-conflicts, it cannot be traced down to the aid flows. The empirical evidence on world growth reveals new findings about the pattern of catch-up growth during post-conflicts and the role of key growth determinants on post-conflict growth. Aid is an important determinant of growth, both generally and more strongly during post-conflict periods. Because RER misalignment reduces growth, RER overvaluation during post-conflicts reduces catch-up growth. Aid and RER overvaluation combined also lower growth. But the negative growth effect of RER overvaluation declines with financial development.
Detail Book of Post conflict Aid Real Exchange Rate Adjustment and Catch up Growth PDF
- Author : Ibrahim Elbadawi
- Release : 22 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Absorptive Capacities
- Total Page : 44 pages
- Language : English
- PDF File Size : 15,5 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Post conflict Aid Real Exchange Rate Adjustment and Catch up Growth by Ibrahim Elbadawi, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.