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The real exchange rate, foreign aid and macroeconomic transmission mechanisms in Tanzania and Ghana
University of Copenhagen, Denmark.
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.
University of Copenhagen, Denmark ; United Nations University World Institute of Development Research (UNU-WIDER), Finland.
2017 (English)In: Journal of Development Studies, ISSN 0022-0388, E-ISSN 1743-9140, Vol. 53, no 7, p. 1075-1103Article in journal (Refereed) Published
Abstract [en]

A recent study of 36 sub-Saharan African countries found a positive impact of aid in the majority of these countries. However, for Tanzania and Ghana, two major aid recipients, aid did not seem to have been equally beneficial. This study singles out these two countries for a more detailed empirical investigation. The focus is on the effect of aid when allowing external and nominal factors to play a role in the macroeconomic transmission mechanism. We conclude that when monetary and external factors are properly accounted for, then aid has been pivotal to growth in both real GDP and investment.

Place, publisher, year, edition, pages
Taylor & Francis, 2017. Vol. 53, no 7, p. 1075-1103
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-62082DOI: 10.1080/00220388.2017.1305106ISI: 000403552200006OAI: oai:DiVA.org:lnu-62082DiVA, id: diva2:1086850
Available from: 2017-04-04 Created: 2017-04-04 Last updated: 2017-07-20Bibliographically approved

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Reshid, Abdulaziz Abrar

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  • apa
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
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  • text
  • asciidoc
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