Dynamic aid allocation
1
ODI -
Overseas Development Institute
2 ECON - Département d'économie (Sciences Po)
3 CREST - Centre de Recherche en Économie et Statistique
4 LEA - Laboratoire d'Economie Appliquée
5 Department of Economics
6 PSE - Paris-Jourdan Sciences Economiques
7 CEPR - Center for Economic Policy Research
8 University of Bristol [Bristol]
9 IZA - Institute for the Study of Labor
10 DELTA - Département et Laboratoire d'Economie Théorique et Appliquée
11 INRA
2 ECON - Département d'économie (Sciences Po)
3 CREST - Centre de Recherche en Économie et Statistique
4 LEA - Laboratoire d'Economie Appliquée
5 Department of Economics
6 PSE - Paris-Jourdan Sciences Economiques
7 CEPR - Center for Economic Policy Research
8 University of Bristol [Bristol]
9 IZA - Institute for the Study of Labor
10 DELTA - Département et Laboratoire d'Economie Théorique et Appliquée
11 INRA
Résumé
This paper introduces a framework for studying the optimal dynamic allocation of foreign aid among multiple recipients. We pose the problem as one of weighted global welfare maximization. A donor in the North chooses an optimal path for international transfers, anticipating that consumption and investment decisions will be made by optimizing households in the South, and accounting for limits in the extent to which recipients can effectively absorb aid. We present quantitative results on optimal aid policy by applying our approach to a neoclassical growth model, where the scope for aid-funded growth is determined by the recipients' distance from steady-state.
Domaines
Economies et financesFormat du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Dynamic aid allocation
|
Résumé |
en
This paper introduces a framework for studying the optimal dynamic allocation of foreign aid among multiple recipients. We pose the problem as one of weighted global welfare maximization. A donor in the North chooses an optimal path for international transfers, anticipating that consumption and investment decisions will be made by optimizing households in the South, and accounting for limits in the extent to which recipients can effectively absorb aid. We present quantitative results on optimal aid policy by applying our approach to a neoclassical growth model, where the scope for aid-funded growth is determined by the recipients' distance from steady-state.
|
Auteur(s) |
Patrick Carter
1
, Fabien Postel-Vinay
2, 3, 4, 5, 6, 7, 8, 9, 10, 11
, Jonathan Temple
8
1
ODI -
Overseas Development Institute
( 454472 )
- Royaume-Uni
2
ECON -
Département d'économie (Sciences Po)
( 226874 )
- 28 rue des Saints-Pères - 75007 Paris
- France
3
CREST -
Centre de Recherche en Économie et Statistique
( 2579 )
- 5, Avenue Henry Le Chatelier
91120 Palaiseau
- France
4
LEA -
Laboratoire d'Economie Appliquée
( 37750 )
- France
5
Department of Economics
( 120984 )
- University College London - Gower Street - London - WC1E 6BT
- Royaume-Uni
6
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
7
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
8
University of Bristol [Bristol]
( 220393 )
- Senate House, Tyndall Avenue, Bristol BS8 1TH
- Royaume-Uni
9
IZA -
Institute for the Study of Labor
( 103374 )
- Bonn
- Allemagne
10
DELTA -
Département et Laboratoire d'Economie Théorique et Appliquée
( 25318 )
- 48 boulevard Jourdan - 75014 Paris
- France
11
INRA
( 54079 )
- France
|
Licence |
Paternité
|
Langue du document |
Anglais
|
Date de production/écriture |
2015-03-01
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Non spécifiée
|
Date de publication |
2015-03
|
Volume |
95
|
Numéro |
2
|
Page/Identifiant |
291 - 304
|
Public visé |
Scientifique
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Référence interne |
|
Mots-clés |
en
Foreign AId, Aid Allocation, Global Redistribution
|
DOI | 10.1016/j.jinteco.2014.11.005 |
Spire (Sciences Po) | 2441/22vv42pfks8jbb5qstg53r5mfl |
Fichier principal
2014-carter-temple-postel-vinay-dynamic-aid-allocation.pdf ( 916.9 Ko
)
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