Foreign aid, the Real Exchange Rate (RER), and economic growth are three key variables that shape the aftermath of civil wars in many developing countries. Panel estimations drawn from a sample of 39 conflict and 44 non conflict countries between 1970 and 2004 indicate that although post conflict countries receive larger aid flows and exhibit moderate RER overvaluation after peace is attained, overvaluation cannot be traced to aid. Yet foreign aid...
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2008/01/01
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Artigo de revista
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77562
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1
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1
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2013/05/27
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Disclosed
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Foreign aid, the real exchange rate, and economic growth in the aftermath of civil wars
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terms of trade
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