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  • articleNo Access

    EYE ON CHINA

      Coin-sized Micro-needles Patch to deliver Insulin: An innovation by Shanghai University Scientists

      Stem Cells Help Researchers Study The Effects of Pollution on Human Health

      A Novel and Robust Muscle Activity Onset Detection Technique by Using an Unsupervised Electromyogram Learning Framework

      Early Modern Humans and Neanderthals were close bedfellows

      FANCD2 and REV1 Cooperate in the Protection of Nascent DNA Strands in Response to Replication Stress

      Spiders' Foraging Strategies Have Cascading Effects on Litter Decomposition Rates

      Yingli Announces Sale of 18.8 MW Solar Power Plant in the UK to NextEnergy Solar Fund

      China's Award Winning Desertification Control in Kubiqi Desert

      Earthquake Early Warning System for Nepal

      Mechanical Coupling Mechanism of a Mechanical Force-sensing Channel Protein Discovered by IBP Scientists

      Jiahui International Hospital and Brigham and Women's Hospital to Co-Develop Women's Health Center of Excellence in Shanghai

      Big Grain1: The ‘Mr. BIG’ for Crops to Grow Bigger by Regulating Auxin Transport in Rice

      When there is no Queen in the house, Asian Hive Bees Avoid Risky Foraging for Reproduction

      UNICEF HK joins hands with Government to help Mothers sustain Breastfeeding

      Fresenius Medical Care Springs into Action after Deadly Tianjin Explosion

    • articleNo Access

      FROM GROWTH REGRESSIONS TO SYSTEMS OF EQUATIONS

      The literature on the effects of aid and remittances as a share of GDP on growth of the GDP per capita has placed much emphasis on growth regressions thereby emphasising only the direct effects on growth. In order to get the total effect one has to capture the indirect ones too and integrate them with the direct effects. To do so we integrate all equations into a dynamic system and run a baseline simulation. We compare several scenarios — doubling aid, cutting remittances to half, and stopping net migration — to the baseline simulation for all variables.

    • articleNo Access

      Demystifying Dutch Disease

      This paper examines the theory of Dutch disease and its implications for practical policy questions. Dutch disease is a term that is well-known to economists and development practitioners. But it is also a concept that is often conflated with "resource curse" and misinterpreted as a "disease" that necessarily causes adverse impacts on the economy. The paper points out that many of the seemingly well-established arguments in this field are not necessarily grounded in theory or empirical evidence. Great care is needed in diagnosing Dutch disease and formulating policy prescriptions based on the theoretical framework, given the restrictive assumptions that may not be fully applicable and the limited relevance to today's inextricably intertwined trade flows.

    • articleNo Access

      Disparities in Disaster Assistance: A Comparison of the Social Benefits of Flood Insurance and Compensation

      With growing exposure to extreme events, there is a pressing need to identify effective strategies for mitigating and coping with losses. Two widely implemented policies — subsidized insurance and ex post compensation — are compared in this paper. First, a conceptual framework is presented and provides insight into the net benefits and distributional effects of these programs. Then, a case study of flood insurance and compensation uses a benefit–cost analysis (BCA) to illustrate the distribution of net benefits across stakeholders. Findings from the conceptual framework and BCA suggest that an intervention to increase uptake of subsidized flood insurance does not deliver net social benefits relative to the status quo compensation program. Furthermore, subsidized insurance delivers subsidies to wealthier households, while increasing taxpayer burden that can be disproportionately borne by the poor. These results imply that aid and insurance programs should be better coordinated since interactions between these two strategies influence household decisions and the cost of disaster policy. Overall, findings suggest that means-tested or lump sum aid payments could shift benefits to less wealthy households and are reasonable policies in cases where the alternative is a voluntary insurance program with subsidized premiums.

    • articleOpen Access

      Typhoon Aid and Development: The Effects of Typhoon-Resistant Schools and Instructional Resources on Educational Attainment in the Philippines

      This paper examines the effects on educational attainment of assistance programs that provided typhoon-resistant secondary schools and instructional resources in the Philippines. Using the variation in the availability of assistance programs and differences in exposure across age cohorts induced by the timing of the allocation of program packages, I find positive and statistically significant impacts on education outcomes for both boys and girls. For boys, the presence of typhoon-resistant schools equipped with instructional resources led to an average increase of 0.26–0.31 years of education, while the presence of instructional resources alone led to an average increase of 0.23–0.26 years of education. For girls, the availability of both components led to an average increase of 0.23–0.32 years of education, while the availability of either component alone did not seem to have an effect.

    • articleNo Access

      Fostering Economic Development: Is External Finance Responsible for the Poor Economic Growth in Sub-Saharan Africa?

      On the question of whether external finance stimulates GDP growth, the profession offers inconclusive as well as frequent contradictory outcomes. While waiting for a robust consensus, this paper addressed directly the mechanisms through which external finance should influence economic growth. Investment was identify as the most significant transmission mechanism, and as well considers effects via funding regime consumption expenditure and import. By employing the residual generated repressors’, we accomplish a measure of the overall influence of external finance on economic growth, accounting for the influence through investment. Based on the pooled panel outcomes, a sample of twenty-five Sub-Saharan Africa economies were examine over the period of 1970–1997; the result indicates that there is a significant and positive effect of overseas assistance on economic growth, ceteris paribus. Based on average, each 1 % point upsurge in the aid/GNP ratio contributes one-quarter of 1 % point to the growth rate. Therefore, the poor economic growth in Africa should not be attributed to external finance ineffectiveness.

    • articleNo Access

      Globalization and Aid Inflows in the Economic Growth of Vietnam

      This paper aims to reveal the sources of the rapid growth of the Vietnamese economy since economic reform over the period 1986–2013. It applies the autoregressive distributed lags variance bounds test and the error correction model, focusing on the roles of globalization and aid in economic growth. The empirical evidence supports neither the export-led nor the FDI-led economic growth hypothesis. Rather, the increase in import values is revealed to have caused economic growth. When the import variable is excluded from the estimated model, aid inflows are shown to have caused the economic growth in Vietnam.