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| Subhayu Bandyopadhyay, Sajal Lahiri and Javed Younas |
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| ''Should Easier Access to Credit Replace Foreign Aid? A Trade-theoretic Analysis'' |
| ( 2013, Vol. 33 No.3 ) |
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| We develop a two-period trade-theoretic model for a recipient country with credit constraints and develop a necessary and sufficient condition for replacing foreign aid by credit to be welfare improving. |
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| Keywords: Foreign aid, borrowing constraint, welfare, fungibility, public input. |
JEL: F1 - Trade: General
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| Manuscript Received : Apr 22 2013 | | Manuscript Accepted : Sep 11 2013 |
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