In an optimal growth model with foreign aid, foreign borrowing, and endogenous leisure-and-consumption choices, it is shown that a permanent rise in foreign aid reduces long-run capital accumulation and labor supply, increases long-run consumption, and has no effect on long-run foreign borrowing. Copyright 2001 by Blackwell Publishing Ltd
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Volume (Year): 5 (2001) Issue (Month): 1 (February) Pages: 105-18 Download reference. The following formats are available: HTML
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