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nexusstc/Solow Versus Harrod-Domar : Reexamining the Aid Costs of the First Millennium Development Goal/5b2fcf60739993790a9390b0a8e468ce.pdf
Solow Versus Harrod-Domar : Reexamining the Aid Costs of the First Millennium Development Goal 🔍
Lennart Erickson; Carl-Johan Dalgaard International Monetary Fund (IMF), 1, 2006
英语 [en] · PDF · 0.8MB · 2006 · 📘 非小说类图书 · 🚀/lgli/lgrs/nexusstc/zlib · Save
描述
The First Millennium Development Goal (MDG#1) is to cut the fraction of global population living on less than one dollar per day in half, by 2015. Foreign aid financed investments may contribute to the attainment of this goal. But how much can aid be reasonably expected to accomplish? A widespread calibration approach to answering this question is to employ the so-called development planning technique, which has the Harrod-Domar growth model at its base. Two particularly problematic assumptions in this sort of analysis are the absence of diminishing returns to capital input and an infinite speed of adjustment to steady state after a shock to the economy. We remove both of these assumptions by employing a Solow model as an organizing framework for an otherwise similar analysis. We find that in order to successfully meet the MDG#1 in the context of the currently proposed aid flows, these flows will have to be accompanied by either an acceleration in the underlying productivity growth rate or a major boost to domestic savings and investment in sub-Saharan Africa. In the absence of such changes in the economic environment, the MDG#1 is unlikely to be reached
备用文件名
lgli/Solow Versus Harrod-Domar_ Reexamining the Aid Cos - Lennart Erickson.pdf
备用文件名
lgrsnf/Solow Versus Harrod-Domar_ Reexamining the Aid Cos - Lennart Erickson.pdf
备用文件名
zlib/no-category/Lennart Erickson; Carl-Johan Dalgaard/Solow Versus Harrod-Domar : Reexamining the Aid Costs of the First Millennium Development Goal_25673466.pdf
备选作者
Carl Johan Dalgaard, Lennart Erickson
备用版本
IMF Working Papers; Working Paper, Washington, D.C, 2006
备用版本
IMF working paper, WP/06/284, Washington, D.C.?, 2006
备用版本
Place of publication not identified, 2007
备用版本
United States, United States of America
元数据中的注释
{"edition":"1","isbns":["1451865449","1451909977","9781451865448","9781451909975"],"last_page":42,"publisher":"International Monetary Fund"}
开源日期
2023-08-09
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