• Article  

      Foreign aid and public goods 

      Hatzipanayotou, Panos; Michael, Michael S. (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 ...
    • Article  

      Tied to capital or untied foreign aid? 

      Michael, Michael S.; Marrewijk, Charles Van (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. ...