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 The Impact of Foreign Aid on Government Spending, Revenue and Domestic Borrowing in Ethiop...
this group. Alternatively, Pack and Pack (1990, 1993), Cashel-Cordo and Craig (1990), and G upta (1993) do not use any explicit theoretical framework but also estimate a set of simultaneous equations. In these studies, the government has a ‘community indifference curve’ and...
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this group. Alternatively, Pack and Pack (1990, 1993), Cashel-Cordo and Craig (1990), and G upta (1993) do not use any explicit theoretical framework but also estimate a set of simultaneous equations. In these studies, the government has a ‘community indifference curve’ and is faced by a budget constraint. They then obtain various equations that represent demand curves derived from optimising decisions. This is a more ad-hoc approach, as it is not supported by an explicit theoretical framework. Table 3
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http://www.undp-povertycentre.org/pub/IPCWorkingPaper41.pdf#page=7
www.undp-povertycentre.org/pub/IPCWorkingPaper41.pdf#page=7
this group. Alternatively, Pack and Pack (1990, 1993), Cashel-Cordo and Craig (1990), and G upta (1993) do not use any explicit theoretical framework but also estimate a set <span class="highlight">of</span> simultaneous equations. <span class="highlight">In</span> these studies, the government has a ‘community indifference curve’ and is faced by a budget constraint. They then obtain various equations that represent demand curves derived from optimising decisions. This is a more <span class="highlight">ad</span>-<span class="highlight">hoc</span> approach, as it is not supported by an explicit theoretical framework. Table 3
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