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On the Optimal Timing of Foreign Aid

Author

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  • Murray C. Kemp

    (Kobe University)

  • Ngo Van Long

    (Kobe University)

  • Kazuo Shimomura

    (Kobe University)

Abstract

We offer a dynamic formulation of the aid process, in which questions of timing are central. It is shown that in most cases it is optimal to give the aid partly in a lump, at the outset, and partly as a flow, over time. However, if the donor and recipient cooperate, stock and flow aid may be of opposite sign. It is shown also that when marginal utility is of constant elasticity, the rate of flow of aid increases (decreases) if and only if the initial world stock of capital is less than (greater than) its steady-state value.

Suggested Citation

  • Murray C. Kemp & Ngo Van Long & Kazuo Shimomura, 1990. "On the Optimal Timing of Foreign Aid," Kobe Economic & Business Review, Research Institute for Economics & Business Administration, Kobe University, vol. 35, pages 31-49.
    • Handle: RePEc:kob:review:1990::v:35:p:31-49
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    Cited by:

    1. Carter, Patrick, 2014. "Aid allocation rules," European Economic Review, Elsevier, vol. 71(C), pages 132-151.
    2. repec:hal:spmain:info:hdl:2441/22vv42pfks8jbb5qstg53r5mfl is not listed on IDEAS
    3. Carter, Patrick & Postel-Vinay, Fabien & Temple, Jonathan, 2015. "Dynamic aid allocation," Journal of International Economics, Elsevier, vol. 95(2), pages 291-304.
    4. Long, Ngo Van, 1989. "The political economy of the international debt crisis," Kiel Working Papers 384, Kiel Institute for the World Economy (IfW Kiel).

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