Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - Verein für Socialpolitik, Ausschuss für … - 2011
This paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries. Most of the theoretical work emphasizes the negative impact of aid on recipient countries' exports primarily due to exchange rate appreciation, disregarding possible...