Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2009
One reason donors provide foreign aid is to support their exports to aid-recipient countries. Time series data for Germany suggests an average return of between US$ 1.04 to US$ 1.50 for each US dollar of aid spent by Germany. Although this is well below previous estimates, the value is robust to...
