Aid versus Trade Revisited
Donor and Recipient Policies in the Presence of Learning‐by‐Doing
Bibliographic Data
| ID | 9709942 |
|---|---|
| Authors | Christopher Adam (0000-0002-3247-9437, University of Oxford), Christopher S Adam (University of Oxford), Stephen A O’Connell (0000-0002-0085-4853, Swarthmore College) |
| Year | 2004 |
| Volume | 114 |
| Issue | 492 |
| Pages | 150-173 |
| Publication date | 2004-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1046/j.0013-0133.2003.00181.x |
| OpenAlex | W2165057112 |
| Language | EN |
| Citations received | 5 |
| References cited | 21 |
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
Economic growth · Economics · Externality · International economics · International trade · Margin (machine learning · Market economy · Microeconomics · Monetary economics · Overlapping generations model · Productivity · Revenue · Welfare · Economic Growth and Development · Finance · Fiscal Policy and Economic Growth · International Development and Aid
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,26 |
| Citation span | 2007 - 2011 (5) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |