Dreher, Axel; Lohmann, Steffen - C.E.P.R. Discussion Papers - 2015
test whether aid affects development, measured as nighttime light growth. Our preferred identification strategy exploits … excludable instrument. Overall, we find significant correlations between aid and growth in ADM2 regions, but no causal effects. …This paper brings the aid effectiveness debate to the sub-national level. We hypothesize the non-robust results …