|
EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/63552
|
| | |
| Title: | | Aid effectiveness, debt relief and public finance response: Evidence from a panel of HIPCs  |
| Authors: | | Cassimon, Danny Van Campenhout, Bjorn |
| Issue Date: | | 2007 |
| Series/Report no.: | | Research Paper, UNU-WIDER, United Nations University (UNU) 2007/59 |
| Abstract: | | Substantial amounts of debt relief have been granted to a set of low-income countries, as an alternative aid modality. Although the theoretical case for debt relief is firmly established, only empirical analysis can show whether debt relief is indeed a (more) effective mode of aid delivery. We investigate the linkages between debt relief and other fiscal variables such as current expenditure, government investment, taxation and domestic borrowing, in comparison to the effects of grants and concessional loans. We find that the fiscal impact of HIPC debt relief follows fairly complex dynamics. For example, debt relief initially reduces government investment, but the effect becomes positive after two years, well outperforming other modes of aid delivery. – HIPCs ; debt relief ; fiscal response ; aid effectiveness |
| JEL: | | F34 F35 O11 O19 |
| ISBN: | | 978-92-9230-006-7 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WIDER Research Papers, United Nations University (UNU)
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/63552
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|