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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
The Composition Of Fiscal Adjustments: Economic And Social Implications, David Vilalta
The Composition Of Fiscal Adjustments: Economic And Social Implications, David Vilalta
Undergraduate Economic Review
We examine episodes of fiscal adjustments in OECD countries from 2000 to 2014 and analyse its short- and long-run impact on economic growth and inequality. This paper offers two results. First, in line with previous literature, we find that in the short run, spending-based adjustments are more expansionary than tax-based adjustments, although they are associated with higher inequality. Second, we find that in the long run, spending-based adjustments are still more expansionary, and their impact on inequality is smaller than that of tax-based adjustments.
Is All Foreign Aid The Same? : An Empirical Comparison Of The Effect Of Multilateral And Bilateral Aid On Growth, Scott B. Jeffrey
Is All Foreign Aid The Same? : An Empirical Comparison Of The Effect Of Multilateral And Bilateral Aid On Growth, Scott B. Jeffrey
Undergraduate Economic Review
Despite decades of research on foreign aid, there is little to no consensus on foreign aid’s effect on growth. While most in the field study recipient country characteristics, such as institutional quality, this paper also breaks down foreign aid by donor characteristics, specifically by bilateral and multilateral donors. Since about 75% of foreign aid is bilateral, my bilateral findings are in line with previous literature that finds high institutional quality key (Burnside and Dollar 2000; 2004), but I find that multilateral aid works best in low-income countries with poor policy environments, due, perhaps, to lacking political goals of donor countries.
Corruption, Income Inequality, And Subsequent Economic Growth, Josh Matti
Corruption, Income Inequality, And Subsequent Economic Growth, Josh Matti
Undergraduate Economic Review
This paper attempts to untangle the link between corruption and income inequality with subsequent economic growth. It uses standard OLS multiple regression analysis and data from 134 countries over a ten year time frame to test the hypothesis that after controlling for corruption, income inequality will be less significant in explaining subsequent growth rates. Perhaps it is not income equality that fosters economic growth, but rather a decrease in corruption that causes both economic growth and greater equality. This study yields some expected findings in support of well-established variables and concludes that inequality harms growth even after controlling for corruption.
Evaluate The Effect Of Imf’S Longer-Term Concessional Lending Programs On Growth In The Development Background Of Sub-Saharan Region, Guanyi Yang
Undergraduate Economic Review
Despite different voices from critics, the IMF has put development at the center of its policies. This paper tries to separate the effect of SAF, ESAF, PRGF, and ECF on growth empirically. Selecting a sample of 44 countries in the Sub-Saharan region from 1986 to 2011, it analyzes whether the IMF’s longer-term structural adjustment programs influences economic growth in participating countries. Consistent with previous studies, this research shows that SAF and ESAF have statistically insignificant impact on growth in the short term and long term. PRGF and ECF, on the other hand, are found to have a large and strong …