Table 2.
Open in new tab

Null Hypotheses for No and Full Fungibility with On- and Off-budget Aid

No fungibilityFull fungibility
Theoretical null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
Implemented null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
No fungibilityFull fungibility
Theoretical null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
Implemented null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
Table 2.
Open in new tab

Null Hypotheses for No and Full Fungibility with On- and Off-budget Aid

No fungibilityFull fungibility
Theoretical null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
Implemented null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
No fungibilityFull fungibility
Theoretical null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
Implemented null hypothesis:
Aid on-budget (SP)formulaformula
Aid off-budget (TC)formulaformula
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