Short-period macroeconomic aspects of foreign aid
分析了外援在短期内如何通过影响有效需求和供给约束来发挥作用，指出外援可能有用或浪费，尤其在自由化背景下，需配合扩张性需求政策以刺激就业和产出。
By concentrating on the supply side, the existing literature on foreign aid, e.g. the Two Gap or the Dutch Disease model, neglected the role that foreign aid might also play in influencing the level of domestic demand. This paper redresses the balance. It analyses the role of foreign aid in the short period by incorporating problems of both effective demand and supply side constraints. The analysis shows how and why aid can be useful or wasteful, especially in the context of economic liberalization. This may, for example, imply that an increase in foreign aid has to be combined with an appropriate expansionary domestic demand policy in order to stimulate domestic employment and output. (c) 1996 Academic Press Limited Copyright 1996 by Oxford University Press.