Browsing by Subject "terms of trade"
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(1995)Most less-developed countries (LDCs) use foreign economic aid to finance public consumption goods, or public intermediate inputs. This paper constructs a two-country general equilibrium trade model, where an income transfer ...
(1998)A two-country trade model of foreign aid is developed. The aid-receiving country suffers from Harris-Todaro type unemployment. Aid is either untied, tied to sector-specific capital, or tied to intersectorally mobile capital. ...