Doucouliagos, Hristos; Paldam, Martin - In: Kyklos 59 (2006) 2, pp. 227-254
The AEL (aid effectiveness literature) studies the macroeconomic effects of development aid using cross-country or panel data econometrics. It contains 97 papers of which 43 study whether development aid leads to increasing accumulation. The aggregate results of the 43 studies are that aid...