Canavire-Bacarreza, Gustavo; Nunnenkamp, Peter; Thiele, … - Kiel Institute for the World Economy - 2006
recipients if governance is measured by the World Bank?s CPIA. If the CPIA is replaced by the Kaufmann index, however, the policy … orientation of aid becomes extremely weak. In contrast to a recent paper by Dollar and Levin (2004), our estimates do neither …