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The Spending and Absorption of Aid in PRGF Supported Programs / Jan Martijn, Markus Berndt, Abu Shonchoy, Paolo Dudine.
- Format:
- Book
- Government document
- Author/Creator:
- Martijn, Jan.
- Series:
- IMF Working Papers; Working Paper ; No. 2008/237
- IMF working paper ; WP/08/237
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Poverty Reduction and Growth Facility (International Monetary Fund).
- Expenditures, Public--Econometric models.
- Expenditures, Public.
- Absorptive capacity (Economics)--Econometric models.
- Absorptive capacity (Economics).
- Economic assistance--Econometric models.
- Economic assistance.
- Physical Description:
- 1 online resource (46 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2008.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- Contents; I. Introduction; II. Background; III. Conceptual Framework; IV. Methodology; V. Results; A. Spending, Absorption, and Smoothing of Aid Increases in PRGF Programs; B. Alternative Model in Levels; VI. Conclusions; Appendices; I. The Dataset; II. The Model; III. Estimation Results; References
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on online resource; title from PDF front page (ebrary, viewed February 26, 2014).
- ISBN:
- 9786612841880
- 9781462368907
- 1462368905
- 9781452703671
- 1452703671
- 9781282841888
- 1282841882
- 9781451870954
- 1451870957
- OCLC:
- 762944277
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