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Author : Rahwa Weldegebriel Tareke
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (477 download)
Download or read book Foreign Aid and the "Dutch Disease" in Ghana written by Rahwa Weldegebriel Tareke and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Aliyu Rafindadi Sanusi
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (13 download)
Download or read book Foreign Aid Inflows and the Real Exchange Rate written by Aliyu Rafindadi Sanusi and published by . This book was released on 2015 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents empirical evidence that the massive foreign aid inflows into Ghana that accompanied the 1983 reforms had some Dutch disease effects. This finding contrasts with some of the startling findings in the recent literature that aid inflows into Ghana, instead of causing real appreciation of the cedi, caused its depreciation. Using the behavioral equilibrium real exchange rate approach, it is found that foreign aid inflows do have a significantly positive effect on the real exchange rate in the long run, but not in the short run. It is argued that this is plausible when aid increases are saved to raise foreign reserves as was the case in Ghana. In the long run, however, when all aid increases were spent, real appreciation could be expected as the theory predicts. The policy implication of this finding is that Ghanaian authorities must ensure that aid increases are spent on raising Ghana's productive capacity so that supply response will offset any negative effect of the real appreciation on economic growth.
Author : Mwanza Nkusu
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (318 download)
Download or read book Aid and the Dutch Disease in Low-Income Countries written by Mwanza Nkusu and published by International Monetary Fund. This book was released on 2004-03 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper demonstrates that the Dutch disease need not materialize in low-income countries that can draw on their idle productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses for, the Dutch disease should take into account country-specific circumstances to avoid ill-advised policies. The paper emphasizes that using public resources inefficiently can be more painful than real exchange rate appreciations, which may not necessarily embody the Dutch disease.
Author : Stephen D. Younger
Publisher : Cornell Food & Nutrition Policy Programs
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.E/5 ( download)
Download or read book Aid and the Dutch Disease written by Stephen D. Younger and published by Cornell Food & Nutrition Policy Programs. This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Harry A. Sackey
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.F/5 ( download)
Download or read book External Aid Inflows and the Real Exchange Rate in Ghana written by Harry A. Sackey and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yongzheng Yang
Publisher : International Monetary Fund
ISBN 13 : 9781589065055
Total Pages : 84 pages
Book Rating : 4.0/5 (65 download)
Download or read book Macroeconomic Challenges of Scaling Up Aid to Africa written by Yongzheng Yang and published by International Monetary Fund. This book was released on 2006-03-20 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. The handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.
Author : Aliyu Rafindadi Sanusi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Foreign Aid Management in Ghana written by Aliyu Rafindadi Sanusi and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the balance sheet analysis developed by the IMF to present empirical evidence that the well-known undesirable effects of aid surges and volatility have been avoided in Ghana through various combinations of fiscal and monetary policy responses. In fact, evidence suggests that, consistent with the overall objective of the economic reforms, these fairly coordinated policy responses were used by the authorities to achieve real depreciation, rather than the expected appreciation, of the cedi in the face of foreign capital inflows. It is then argued that with appropriate macroeconomic responses, both aid donors and receiving countries in the Sub-Saharan Africa (SSA) need not worry about the potential Dutch disease effects of foreign aid. SSA countries should therefore aim at absorbing and spending most of the aid increases. However, where foreign reserves accumulation is intended, then fiscal savings of the equivalent aid increases must be made.
Author : Kevin Martin Fletcher Linklater
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.:/5 (892 download)
Download or read book Foreign Aid and Dutch Disease written by Kevin Martin Fletcher Linklater and published by . This book was released on 2012 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dirk-Jan Koch
Publisher : Taylor & Francis
ISBN 13 : 100099998X
Total Pages : 287 pages
Book Rating : 4.0/5 (9 download)
Download or read book Foreign Aid and Its Unintended Consequences written by Dirk-Jan Koch and published by Taylor & Francis. This book was released on 2023-09-27 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign aid and international development frequently bring with it a range of unintended consequences, both negative and positive. This book delves into these consequences, providing a fresh and comprehensive guide to understanding and addressing them. The book starts by laying out a theoretical framework based on complexity thinking, before going on to explore the ten most prevalent kinds of unintended effects of foreign aid: backlash effects, conflict effects, migration and resettlement effects, price effects, marginalization effects, behavioural effects, negative spillover effects, governance effects, environmental effects, and ripple effects. Each chapter revolves around a set of concrete case studies, analysing the mechanisms underpinning the unintended effects and proposing ways in which policymakers, practitioners, and evaluators can tackle negative side effects and maximize positive side effects. The book also includes personal testimonies, a succinct overview of unintended effects, and suggestions for further reading. Providing a clear overview of what side effects to anticipate when planning, executing, and evaluating aid, this book will be an important resource for students, development practitioners, and policymakers alike.
Author : Evans Annan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Economic Impact on Africa Without Foreign Aid (A Case Study on Ghana). written by Evans Annan and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The President (Nana Addo Dankwa Akufo-Addo) of the known “bellwether on the continent of Africa - Ghana in December 2017 made a profound statement “Ghana Beyond Aid” to French President Emmanuel Macron on his visit to the country. The simple elucidation of this statement is that - the country must move away from the mindset of dependence; that is “What can France do for us” to that “What we can do for/and by ourselves”. This statement resonated across the Sub-Saharan Africa region. In this paper, we looked at the historical background of Foreign aid, other supporting systems, and how important these have affected the continent of Africa. Clearly, the effects have been that of “Dutch disease” in nature developmental growth. This was assessed simply by developing a concise growth model with the variables Foreign Aid, ODAs etc to test the significance of aid/support on the economic growth of the continent of Africa - using Ghana as a case study. The Vector Error CorrectionModel estimation was employed to test the long and short-term effects of foreign aid on the economic growth of Ghana. Empirically, this paper projects that Real Gross Domestic Product(economic growth) is not significantly affected by Foreign Aid from donor countries in the short-run, ceteris paribus.
Author : Aliyu Rafindadi Sanusi
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)
Download or read book Theoretical and Empirical Analysis of the Foreign Aid Pessimism written by Aliyu Rafindadi Sanusi and published by . This book was released on 2015 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper critically examines the theoretical and empirical basis of the increasingly popular claim that massive foreign aid increases to the Sub-Saharan African countries are hurting, instead of helping, them. The three basis of this pessimism are, first, that increase in foreign aid can have significant Dutch disease effects through real appreciations of the exchange rate, hence declining exports. Secondly, domestic spending of foreign aid can raise inflation and therefore hurt recipients. Thirdly, foreign aid is associated with dependency and breeds corruption, therefore, is not associated with higher economic growth. This paper critically examines the theoretical basis of these arguments and uses statistical evidence to show that this view does not hold true for Ghana. The paper argues that massive aid increases conditional on reforms are likely to help its recipients. It therefore calls on donor countries and agencies to increase, rather than reduce, their aid to reforming African countries.
Author : K. L. Gupta
Publisher : Springer Science & Business Media
ISBN 13 : 1461550955
Total Pages : 285 pages
Book Rating : 4.4/5 (615 download)
Download or read book Foreign Aid: New Perspectives written by K. L. Gupta and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign aid has been an area of active scholarly investigation since the end of the Second World War, but particularly since the early 1950s when a large number of the erstwhile colonies became independent. Few areas of public policy involving the developed and developing countries have aroused more passion and ideological debate than foreign aid. In spite of the massive amount of research in the field, there is still not enough work in two areas: the first involves the mechanisms through which aid influences the economies of the donor and the recipient countries; and the second, country-specific assessments of the effectiveness of foreign aid. Foreign Aid: New Perspectives is aimed at making a contribution in these two areas. The contents of this volume are divided into four parts. Part I deals with some theoretical aspects of foreign aid, while the second part analyzes some general policy aspects. Part III turns to the donor experience and includes one paper on the Danish experience. The last part considers the recipient experience and consists of five case studies.
Author : Onyukwu E. Onyukwu
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)
Download or read book Developmental Effectiveness of Foreign Aid to Africa written by Onyukwu E. Onyukwu and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julie Hearn
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (91 download)
Download or read book Foreign Aid, Democratisation and Civil Society in Africa written by Julie Hearn and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how a range of foreign donors have developed a range of civil society initiatives in Ghana, Uganda and South Africa.
Author :
Publisher : World Bank Publications
ISBN 13 : 9780195211238
Total Pages : 164 pages
Book Rating : 4.2/5 (112 download)
Download or read book Assessing Aid written by and published by World Bank Publications. This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Author : Jan Gottschalk
Publisher : International Monetary Fund
ISBN 13 : 1455200751
Total Pages : 38 pages
Book Rating : 4.4/5 (552 download)
Download or read book Oil Windfalls in Ghana written by Jan Gottschalk and published by International Monetary Fund. This book was released on 2010-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending’s import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves—to offset the real appreciation—would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness—resulting from ”Dutch Disease” effects—could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
Author : International Monetary Fund. Policy Development and Review Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498331254
Total Pages : 67 pages
Book Rating : 4.4/5 (983 download)
Download or read book The Macroeconomics of Managing Increased Aid Inflows - Experiences of Low-Income Countries and Policy Implications written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-08-08 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that experienced a recent surge in aid inflows: Ethiopia, Ghana, Mozambique, Tanzania, and Uganda. Each country’s policies were supported by a PRGF arrangement during most of the period under review.
