Aid, Exports, and Growth: a Time-Series Perspective on the Dutch Disease Hypothesis

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Aid, Exports, and Growth:
A Time-Series Perspective on the Dutch Disease Hypothesis
Joong Shik Kang
Alessandro Prati
Alessandro Rebucci

August 2010

Inter-American Development Bank
Department of Research and Chief Economist

Aid, Exports, and Growth:
A Time-Series Perspective on the Dutch Disease Hypothesis

Joong Shik Kang*
Alessandro Prati*
Alessandro Rebucci**

* International Monetary Fund
** Inter-American Development Bank

Inter-American Development Bank

Cataloging-in-Publication data provided by the
Inter-American Development Bank
Felipe Herrera Library
Kang, Joong Shik.
Aid, exports, and growth : a time-series perspective on the Dutch disease hypothesis / Joong Shik Kang,
Alessandro Prati, Alessandro Rebucci.
p. cm. (IDB working paper series ; 114)
Includes bibliographical references.
1. Economic assistance—Economic aspects. 2. International finance. I. Prati Musetti, Alessandro. II.
Rebucci, Alessandro. III. Inter-American Development Bank. Research Dept. IV. Title. V. Series.
HC60.S55 2010

© Inter-American Development Bank, 2010 Documents published in the IDB working paper series are of the highest academic and editorial quality.
All have been peer reviewed by recognized experts in their field and professionally edited. The information and opinions presented in these publications are entirely those of the author(s), and no endorsement by the Inter-American Development Bank, its Board of Executive Directors, or the countries they represent is expressed or implied.
This paper may be freely reproduced provided credit is given to the Inter-American Development Bank.
IDB Research Department, 1300 New York Avenue, NW, Washington DC 20577
Corresponding author: Alessandro Rebucci,


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