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|Title: ||Corruption, foreign aid and welfare of the poor|
|Other Titles: ||Fu bai, guo ji yuan zhu yi ji pin qiong ren kou de fu li shui ping|
|Authors: ||Li, Xindun (李新頓)|
|Department: ||Department of Economics and Finance|
|Degree: ||Master of Philosophy|
|Issue Date: ||2009|
|Publisher: ||City University of Hong Kong|
|Subjects: ||Political corruption -- Economic aspects.|
|Notes: ||CityU Call Number: JF1081 .L54 2009|
v, 152 leaves : ill. 30 cm.
Thesis (M.Phil.)--City University of Hong Kong, 2009.
Includes bibliographical references (leaves 137-142)
|Abstract: ||This research studies the impact of foreign aid and corruption on the
welfare of various classes of people in an economy which receives foreign
aid and uses it to finance a public good. We formulate and analyze a 3×3
general equilibrium model with foreign aid and corruption. Our results
show that, under certain circumstances, the poor in the recipient country
may even get worse off with more aid when corruption is rampant.
By calibrating the model to data from Kenya and other African aid
recipient economies, we provide empirical evidence to support the
counter-intuitive result: that foreign aid could be welfare immiserizing.
Keywords: Foreign aid; Corruption; Welfare; Income Gap; Poor; Aid
Recipient Economy; General Equilibrium; Immiserizing.|
|Online Catalog Link: ||http://lib.cityu.edu.hk/record=b2374882|
|Appears in Collections:||EF - Master of Philosophy |
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