Aid Versus Trade Revisited : Donor and Recipient Policies in The Presence of Learning-by-Doing  

Oleh:

Adam, Christopher S. ; O'Connell, Stephen A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 114 no. 492 (Jan. 2004), page 150-173.
Topik: POLICIES; aid; trade revisited; donor; recipient policies; learning - by - doing
Fulltext: 150.pdf (159.92KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.12 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We examine the (non) equivalence of aid and trade preferences as alternative forms of donor assistance in the presence of learning - by - doing externalities in recipient-country export production. Using a model based on van Wijnbergen (1985), we show that switching donor support on the margin from aid to trade preferences can increase recipient - country welfare. Simulations in which the productivity externality also interacts with private capital accumulation and fiscal distortions illustrate the potential growth and welfare gains from a revenue neutral re - orientation of donor assistance. We conclude by considering why these potential dynamic gains remain unexploited by both donors and recipients.

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