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Subhayu Bandyopadhyay, Sajal Lahiri and Javed Younas
''Should Easier Access to Credit Replace Foreign Aid? A Trade-theoretic Analysis''
( 2013, Vol. 33 No.3 )
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.
Keywords: Foreign aid, borrowing constraint, welfare, fungibility, public input.
JEL: F1 - Trade: General
Manuscript Received : Apr 22 2013 Manuscript Accepted : Sep 11 2013

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