Djankov, Simeon; Montalvo, Jose G.; Reynal-Querol, Marta - In: Journal of Comparative Economics 37 (2009) 2, pp. 217-229
The existing research on foreign aid offers inconclusive evidence on the factors that make aid effective. In this paper, we study the supply of aid money in 112 developing countries over the period 1960-1999 and find that the presence of multiple donors in a given country renders aid less...