Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2008
Foreign aid is given for a combination of economic, political, and humanitarian motives. While its impact on economic … aid on exports has been found to be extremely high. Using more advanced methods, we compute an average return (between EUR … 1.49 to EUR 1.72) of one EUR of aid spent, well below previous findings, but still surprisingly large and robust. …