Lof, Matthijs; Mekasha, Tseday Jemaneh; Tarp, Finn - 2013
that foreign aid has not had a significant effect on income, based on evidence from panel data potentially covering 131 …-integrated regressions is not a suitable empirical strategy for estimating the causal effect of aid on income. Given the nature of the … endogeneity problem in the aid-growth relationship. Evidence from a panel VAR model estimated on the dataset of NDHKM, suggests a …