Aid versus trade revisited: Donor and recipient policies in the presence of learning-by-doing
成果类型：
Article
署名作者：
Adam, CS; O'Connell, SA
署名单位：
University of Oxford; Swarthmore College
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1046/j.0013-0133.2003.00181.x
发表日期：
2004
页码：
150-173
关键词：
摘要：
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.