Clemens, Michael A.; Radelet, Steven; Bhavnani, Rikhil - EconWPA - 2004
Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a …) aid that affects growth only over the long term, if at all, such as aid to support democracy, the environment, health, or … positive, causal relationship between this 'short-impact' aid and economic growth (with diminishing returns) over a four …