| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965802 | Journal of Macroeconomics | 2011 | 9 Pages |
Abstract
⺠A neoclassical growth model with a focus on aid-receiving countries is presented. ⺠The emergence of the cyclical growth and bifurcation are theoretically confirmed. ⺠Cyclical growth is likely to occur when the foreign aid is non-fungible. ⺠Multiple equilibria are likely to occur when the foreign aid is fungible.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Koji Kitaura, Hikaru Ogawa, Sayaka Yakita,