Should Easier Access to Credit Replace Foreign Aid? A Trade-theoretic Analysis
We develop a two-period trade-theoretic model for a recipient country with credit constraints and develop a necessary and sufficient condition for replacing foreign aid by credit to be welfare improving.
Volume (Year): 33 (2013)
Issue (Month): 3 ()
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- Bandyopadhyay, Subhayu & Lahiri, Sajal & Younas, Javed, 2013. "On the substitutability between foreign aid and international credit," Economics Letters, Elsevier, vol. 118(2), pages 255-257.
- Subhayu Bandyopadhyay & Sajal Lahiri & Javed Younas, 2012. "On the substitutability between foreign aid and international credit," Working Papers 2012-043, Federal Reserve Bank of St. Louis.
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