Publication Type:

Journal Article

Source:

Oxford Development Studies, Taylor & Francis, Volume 30, Number 3, p.307–315 (2002)

Abstract:

External and internal development funds may be substitutes or complementary in financing development projects. We construct a welfare-maximizing model of a community, explicitly incorporating the decision-makers' choice between internal and external resources for development purposes. The model is estimated with Mauritian data, which include periods of rising foreign aid and substantial repayment. The computed values of substitution elasticity between the two sources of funds, derived from the social choice process, indicate that internal and external funds are complementary and therefore external funds do not seem to be fungible.

Cite this Research Publication

S. H. Y. A. M. NATH and Sobhee, S. K., “Is external development assistance fungible? The case of Mauritius”, Oxford Development Studies, vol. 30, pp. 307–315, 2002.

207
PROGRAMS
OFFERED
5
AMRITA
CAMPUSES
15
CONSTITUENT
SCHOOLS
A
GRADE BY
NAAC, MHRD
8th
RANK(INDIA):
NIRF 2018
150+
INTERNATIONAL
PARTNERS