{
  "title": "The Economics of Post Conflict Aid",
  "publication": "IMF Working Papers, November 1, 2002",
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  "summary": "Post conflict aid is different from conventional development aid and has different effects on the recipient economy. The paper builds a theoretical model tailored around the main stylized facts of post conflict aid and traces the impact of different kinds of post-conflict aid on capital accumulation",
  "sections": [
    {
      "heading": "Summary and Purpose",
      "content": "- Post conflict aid is different from conventional development aid and has different effects on the recipient economy.\n- The paper builds a theoretical model tailored around the main stylized facts of post conflict aid and traces the impact of different kinds of post-conflict aid on capital accumulation, growth, welfare, and resource allocation.\n- While both humanitarian and reconstruction aid are welfare-enhancing, humanitarian aid reduces long-run capital accumulation and growth.\n- Reconstruction aid may increase the long-run capital stock and, if carefully designed, avoid the pitfalls of the Dutch disease."
    },
    {
      "heading": "Key Findings",
      "content": "- Humanitarian aid:\n  - Is welfare-enhancing in the short run.\n  - Reduces long-run capital accumulation and growth.\n- Reconstruction aid:\n  - Is welfare-enhancing and can increase the long-run capital stock.\n  - If carefully designed, can avoid the pitfalls of the Dutch disease.\n- Theoretical approach:\n  - A model is constructed around the main stylized facts of post conflict aid to analyze effects on capital accumulation, growth, welfare, and resource allocation."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subject: Capital accumulation, Consumption, Development assistance, Foreign aid, Labor supply\n- Keywords: capital stock, WP\n\n---\n\n Content in this bundle\n\n- The Economics of Post Conflict Aid - WP/02/198\n  - The Economics of Post Conflict Aid - WP/02/198 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - The Economics of Post Conflict Aid - WP/02/198 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/the-economics-of-post-conflict-aid-16180"
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    "Authors: James McHugh, Theodora Kosma, Dimitri G Demekas",
    "Published: November 1, 2002",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451860078.001",
    "Post conflict aid is different from conventional development aid and has different effects on the recipient economy.",
    "The paper builds a theoretical model tailored around the main stylized facts of post conflict aid and traces the impact of different kinds of post-conflict aid on capital accumulation, growth, welfare, and resource allocation.",
    "While both humanitarian and reconstruction aid are welfare-enhancing, humanitarian aid reduces long-run capital accumulation and growth.",
    "Reconstruction aid may increase the long-run capital stock and, if carefully designed, avoid the pitfalls of the Dutch disease.",
    "Humanitarian aid:",
    "Reconstruction aid:",
    "Theoretical approach:",
    "Subject: Capital accumulation, Consumption, Development assistance, Foreign aid, Labor supply",
    "Keywords: capital stock, WP",
    "**The Economics of Post Conflict Aid - WP/02/198**"
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