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dc.contributor.authorFielding, Daviden_NZ
dc.date.available2011-04-07T03:05:10Z
dc.date.copyright2007-02en_NZ
dc.identifier.citationFielding, D. (2007). Aid and Dutch Disease in the South Pacific (Economics Discussion Papers Series No. 703). University of Otago. Retrieved from http://hdl.handle.net/10523/841en
dc.identifier.urihttp://hdl.handle.net/10523/841
dc.description.abstractThe impact of aid inflows on relative prices and output is ambiguous. Aid inflows that increase domestic expenditure are likely to cause real exchange rate appreciation, ceteris paribus. However, if this expenditure raises the capital stock in the traded goods sector, then output in this sector might not contract, at least in the steady state. Moreover, if investment in the nontraded goods sector is relatively high and/or productive, then there is not necessarily any real exchange rate appreciation in the steady state. We use time-series data to examine the impact of aid inflows on output and real exchange rates in ten South Pacific island states, and find aid inflows to produce a variety of outcomes in economies of different kinds.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/index.htmlen_NZ
dc.subjectaiden_NZ
dc.subjectDutch Diseaseen_NZ
dc.subjectSouth Pacificen_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleAid and Dutch Disease in the South Pacificen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages18en_NZ
otago.date.accession2007-04-13en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints633en_NZ
otago.school.eprintsEconomicsen_NZ
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otago.relation.number703en_NZ
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