英文文献:Foreign Aid Fiscal Policy: Theory and Evidence-对外援助财政政策:理论与证据
英文文献作者:Simplice Asongu,Mohamed Jellal
英文文献摘要:
The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the positive effect of aid mitigates the burden of the taxation system on the private sector of recipient countries. The empirical validity is based on data from 53 African countries for the period 1996-2010. While the findings on the tax effort channel are overwhelmingly consistent with theory across specifications and fundamental characteristics, those of the ‘government expenditure’ channel are a little heterogeneous but broadly in line with the theoretical postulations. Justification for the slight heterogeneity and policy implications are discussed.
本文为外援通过财政政策机制刺激私人投资和固定资本形成提供了理论和实证依据。我们在Barro(1990)的延伸基础上提出了内生增长理论,假设援助的积极作用减轻了受援国私营部门的税收负担。实证效度是根据1996-2010年期间53个非洲国家的数据得出的。虽然关于税收努力渠道的研究结果压倒性地与跨规范和基本特征的理论一致,但“政府支出”渠道的研究结果有一点异质,但大体上符合理论假设。文中讨论了轻微异质性的理由和政策含义。