It takes the average reader and 41 minutes to read The Dynamic Implications of Foreign Aid and Its Variability by Cristina Arellano
Assuming a reading speed of 250 words per minute. Learn more
The paper examines the effects of aid and its volatility on consumption, investment, and the structure of production in the context of an intertemporal two-sector general equilibrium model. A permanent flow of aid finances mainly consumption, a result consistent with the historical failure of aid inflows to translate into sustained growth. Shocks to aid are reflected mainly in investment fluctuations, as a result of consumption smoothing. Aid shocks result in substantial welfare losses, suggesting that aid variability should be taken into account in designing aid architecture. These results...
The Dynamic Implications of Foreign Aid and Its Variability by Cristina Arellano is 41 pages long, and a total of 10,291 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read The Dynamic Implications of Foreign Aid and Its Variability aloud.
The Dynamic Implications of Foreign Aid and Its Variability is suitable for students ages 8 and up.
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