Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read pages 23-30 (the first two sections, not including the one called The Theory of Aid and Economic Growth)of the article Can Foreign Aid Buy

Read pages 23-30 (the first two sections, not including the one called "The Theory of Aid and Economic Growth")of the article "Can Foreign Aid Buy Growth? (link below)" by Bill Easterly, and answer the following questions. Read the note at the end of this questions before attempting your answers.

https://www.dropbox.com/s/k2227b1ebhel126/Easterly_JEP_2003.pdf?dl=0

a. Summarise, in a few words, the main result found in the cited work by Burnside andDollar(2000). [10points]

b. If you had to use the Solow growth model to interpret this result, how would you do it? Crucially, how will you interpret the concept of "good policies" in the Solow growth model? Which parameter do you think will be affected by good policies?Make use of maths and diagrams as you see fit.[10 points]

c. SummariseEasterly's critiques to the result of Burnside and Dollar (2000) based on the alternative results provided by other researchers. [10 points]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip Cateora

16th Edition

0073529974, 9780073529974

More Books

Students also viewed these Economics questions

Question

What are the major attitude change theories?

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago