April, 2006

Rejoinder to Lal: Global Welfare, Empire, and Playing God

by Branko Milanovic

April 18th, 2006

I am glad that Deepak Lal has not waited in vain for a Tobin Tax discussion. I cannot speculate when and if the US congress might agree to divest itself of some of its tax-raising powers. Indeed, with the current mood in the country and the current crop of politicians sitting in the Congress, it [...]

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Response to Milanovic on the Tobin Tax, Empire, and Migration

by Deepak Lal

April 18th, 2006

I wondered when the Tobin Tax would come up! This concept envisages taxing financial transactions around the globe to throw some sand into financial markets to tame their volatility. The proceeds to be given to the UN to hand out as welfare payments to the world’s poor may have been endorsed by the World Bank’s [...]

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Taking the “Con” Out of Aid and Growth Econometrics

by William Easterly

April 17th, 2006

Let’s take the “con” out of aid and growth econometrics.
Steve Radelet seems to be retreating from his claim that aid (unconditionally) raises growth (his original paper was one source of what he now says is the “fictitious” claim that “the impact is large”). Radelet now only claims a “modest” effect. Of course, even modest effects [...]

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New in the Cato Journal: Does Foreign Aid Help?

If you’re interested in this issue of Cato Unbound, you’ll certainly want to read the lead article in the newly released edition of the Cato Journal: “Does Foreign Aid Help?” [pdf] “In this article,” Simeon Djankov, Jose G. Montalvo, and Marta Reynal-Querol write,
we show that foreign aid has a negative impact on the [...]

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