Gyimah-Brempong, Kwabena; Racine, Jeffrey - In: The Journal of International Trade & Economic Development 19 (2010) 2, pp. 319-349
capital investment in developing countries. Specifically, we investigate the robustness of the relationship between aid and … physical capital investment in Less Developed countries (LDCs) using two different measures of aid and five measures of the … policy environment. We find that external aid has a positive and significant impact on physical capital investment given the …