Doucouliagos, Hristos; Paldam, Martin - School of Economics and Management, University of Aarhus - 2005
The AEL (aid effectiveness literature) studies the effect of development aid using econome¬ trics on macro data. It contains about 100 papers of which a third analyzes conditional models where aid effectiveness depends upon z, so that aid only works for a certain range of the variable. The key...