Aid Volatility: An Empirical Assessment
Ales Bulir () and
A. Javier Hamann ()
IMF Staff Papers, 2003, vol. 50, issue 1, 4
This article examines empirical evidence on the volatility and uncertainty of aid flows and their main policy implications. Aid is found to be more volatile than fiscal revenues--particularly in highly aid-dependent countries--and shortfalls in aid and domestic revenue tend to coincide. The article also finds that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Specific policies and broader international efforts to cope with these features of aid are briefly discussed. Copyright 2003, International Monetary Fund
References: Add references at CitEc
Citations View citations in EconPapers (132) Track citations by RSS feed
Downloads: (external link)
http://www.imf.org/External/Pubs/FT/staffp/2003/01/pdf/bulir.pdf main text (application/pdf)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:50:y:2003:i:1:p:4
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2
Access Statistics for this article
More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla ().