In the study "Do elites benefit from democracy and foreign aid in developing countries" (Journal of Development Economics, 2009) Bjørnskov asks if political elites benefit from foreign aid relative to the rest of the population. He concludes that his results provide qualified support for the...

It is the intention of this research article to address the question of why in most of the LDCs, in spite of the vast income redistributional policies, favorable changes in reducing the poverty and diminishing class differences do not occur. Successful welfare policies are those that can rapidly...