Teddes suggested that for a number of low income countries, foreign transfers to the domestic government (e.g., in the form of aid) are very important. To model this, OG-Core should add a time varying parameter that represents foreign flows of resources to the domestic gov't. It would be easiest to parameterize these are fractions of GDP.
Teddes suggested that for a number of low income countries, foreign transfers to the domestic government (e.g., in the form of aid) are very important. To model this, OG-Core should add a time varying parameter that represents foreign flows of resources to the domestic gov't. It would be easiest to parameterize these are fractions of GDP.