Foreign Aid and the Question of Fungibility
分析外国援助是否被受援国挪用于非指定用途，以及是否削弱了其税收努力。以多米尼加共和国为例的计量结果表明，援助的可替代性违背了捐助国意图。
This paper analyzes whether the foreign assistance provided for specific categories of expenditure is shifted among them, contrary to the wishes of donors. It also considers whether aid reduces the tax effort of recipient governments. Econometric results are presented for the Dominican Republic that show that the fungibility of aid has resulted in a thwarting of the intentions of donors. An attempt is made to account for the observed differences in behavior of individual countries in altering expenditures. Copyright 1993 by MIT Press.