I modelli dell’assistenza allo sviluppo: dal financing gap al policy gap nei Paesi beneficiari

Name: I modelli dell’assistenza allo sviluppo: dal financing gap al policy gap nei Paesi beneficiari
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2006 - 1-2

Title

I modelli dell’assistenza allo sviluppo: dal financing gap al policy gap nei Paesi beneficiari

Author

Oscar Garavello

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

01-2006

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

Still-to-day «financing gap models» are currently utilized to calculate the need of foreign resources to fill the gap between the required investment and available resources in the short-run. The macroeconomic rationale for aid relates to its ability to increase domestic savings (savings gap), foreign exchange (external gap) and government revenue (fiscal gap) in order to achieve the target growth rate. Yet, financial gap growth models fail the large majority of the empirical tests performed since the early nineties. The new paradigm argues that aid is effective to close the gap in the long-run only if domestic policies are appropriate to mobilize domestic private savings, to create a macroenvironment conducive to export growth/import substitution and to improve public expenditure management (policy gap models).