Martínez-Zarzoso, Inmaculada; Nowak-Lehmann D., Felicitas - 2008
exports from Germany to the recipient countries. The findings indicate that in the long run,German aid is associated with an … increase in exports of goods that is larger than the aid flow, with a point estimate of 140 percent of the aid given. In … recipient countries and finds that the return on aid measured by German exports is higher for aid to countries considered …