Collier, Paul; Goderis, Benedikt - In: Review of Development Economics 13 (2009) s1, pp. 429-451
The authors investigate the role of aid in mitigating the adverse effects of commodity export price shocks on growth in commodity-dependent countries. Using a large cross-country dataset, they find that negative shocks matter for short-term growth, while the ex ante risk of shocks does not seem...