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This paper surveys the recent theoretical and empirical literature that explores the relations between aid and trade and asks about the complementarity or substitution effects at work. We distinguish between the effects of aid on trade flows and on trade policies, of the donor as well as the...
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The present analysis assessed the effect of Aid-for-Trade (AfT) flows on the shadow economy using an unbalanced panel … generalized method of moments showed that higher AfT flows were associated with a decrease in the size of the shadow economy, with … less developed countries experiencing a greater negative effect of AfT flows on the shadow economy than relatively advanced …
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