Macroeconomic Effects of Climate Change in an Aging World

Thakoor, Vimal; Kara, Engin

doi:10.5089/9798400226397.001

IMF Working Papers

2022

DOI: 10.5089/9798400226397.001

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Macroeconomic Effects of Climate Change in an Aging World

Vimal Thakoor¹,

Engin Kara²

Abstract: as well as seminar participants at the IMF for helpful comments.

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2022

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E: Policy, Law and Regulation

2022

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The study examines the effect of foreign aid on the relationship between country governance and corporate investment (CI) choices. Using 10 years of financial data (2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016) on non-financial sector firms from seven economies that are major recipients of foreign aid, results show that both country governance and foreign aid have positive effects on CI decisions. However, results show negative effects of foreign aid on country's governance conditions, which further results in negative CI, indicating that the dependency of a country on foreign aid undermines its institutional performance and efficiency, which further deteriorates CI. The study suggests that policymakers from these economies should ensure the effectiveness of foreign aid and introduce better governance practices to expediate industrial growth. (1 figure, 7 tables, references) 1078/39 Firms' response to macroeconomic estimation errors Binz, O. et al.

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E: Policy, Law and Regulation

2022

World Banking Abstracts

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Macroeconomic Effects of Climate Change in an Aging World

Abstract: as well as seminar participants at the IMF for helpful comments.

Cited by 1 publication

References 9 publications

E: Policy, Law and Regulation

E: Policy, Law and Regulation

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