The Effect of Development Aid Unpredictability and Migrants' Remittances on Fiscal Consolidation in Developing Countries

被引：3

作者：

Gnangnon, Sena Kimm ^{[1
]}

机构：

[1] Univ Clermont Ferrand 2, Clermont Ferrand, France

来源：

WORLD DEVELOPMENT | 2014年 / 54卷

关键词：

remittances; aid unpredictability; fiscal consolidation; ADJUSTMENTS; VOLATILITY; POVERTY; IMPACT; OECD;

D O I：

10.1016/j.worlddev.2013.08.003

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

We use panel data on 74 developing countries for the period 1980-2007 to examine the effects of aid unpredictability and migrants' remittances on fiscal consolidation in these countries. Using two definitions of fiscal adjustment and a conditional logit model to perform our analysis, evidence is shown that except for the case of low-income countries (especially gradual fiscal retrenchment), remittances increase the likelihood of fiscal consolidation, be the latter gradual or rapid. Surprisingly, we observe that aid unpredictability does not affect the adoption of fiscal consolidation measures in all the groups considered. (C) 2013 Elsevier Ltd. All rights reserved.

引用

页码：168 / 190

页数：23

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