The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

For economists, the task of paramount importance is not only to generalize the experience of the effectiveness of previously introduced economic sanctions but also to study all kinds of effects (both positive and negative) of modern large-scale economic sanctions against Russia. The term...