Doucouliagos, Hristos; Paldam, Martin - School of Economics and Management, University of Aarhus - 2005
weighted sum of, e.g., the budget balance, ,
it
B the inflation rate, ,
it
p and
trade openness, while (2) is the aid …
(x1) Good Policy Model: Aid works if the recipient country pursues good polices, and is
harmful in countries pursuing … (2004); Jensen and
Paldam (2004); Ram (2004); Roodman (2004); and Shukralla (2004).
(x2) Medicine model: Aid works if …