Can Foreign Aid Accelerate Stabilisation
Bibliographic Data
| ID | 9710305 |
|---|---|
| Authors | Alessandra Casella (Columbia University), Barry Eichengreen (0000-0002-1683-4486, University of California, Berkeley) |
| Year | 1996 |
| Volume | 106 |
| Issue | 436 |
| Pages | 605 |
| Publication date | 1996-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235566 |
| OpenAlex | W3124850946 |
| Language | EN |
| Citations received | 15 |
| References cited | 1 |
This paper studies the effect of foreign aid on economic stabilisation. Following Alesina and Drazen (1991), we model the delay in stabilising as the result of a distributional struggle. Since the delay is used to signal each faction's strength, the effect of the transfer depends on the role it plays in the release of information. We show that this role depends on the timing of the transfer: foreign aid decided and transferred sufficiently early into the game leads to earlier stabilisation; but aid decided or transferred too late is destabilising and encourages further postponement of reforms
Economics · International economics · Operations management · Postponement · Transfer (computing · Computer Science · Economic Policies and Impacts · Global Financial Crisis and Policies · International Development and Aid
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| Unique citing works | 15 |
|---|---|
| Citations per year | 0,48 |
| Citation span | 1995 - 2026 (32) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 15 |