In previous papers we have argued that aid is likely to mitigate the negative effects of external shocks on economic growth (i.e., aid is more effective in countries that are more vulnerable to external shocks). Recently an important debate has emerged about the possible negative effects of aid volatility itself. However, the cushioning effect of aid may involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper we examine to what extent the time profile of aid disbursements may contribute to an increase or a decrease of aid effectiveness. We first show that aid, even if volatile, is not clearly as procyclical as often argued, and, even if procyclical, is not necessarily destabilizing. We measure ...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
In two previous papers we have argued that aid is likely to mitigate the negative effects of externa...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers the authors have argued that aid is likely to mitigate the negative effects of ex...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
In two previous papers we have argued that aid is likely to mitigate the negative effects of externa...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers we have argued that aid is likely to mitigate the negative effects of external sh...
In previous papers the authors have argued that aid is likely to mitigate the negative effects of ex...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
International audienceA 2009.25 In previous papers the authors have argued that aid is likely to mit...
In two previous papers we have argued that aid is likely to mitigate the negative effects of externa...