Doucouliagos, Hristos; Paldam, Martin - School of Economics and Management, University of Aarhus - 2005
The AEL (aid effectiveness literature) is econo¬metric studies of the macroeconomic effects of development aid. It contains about 100 papers of which 68 are reduced form estimates of the effect of aid on growth in the recipient country. The raw data show that growth is unconnected to aid, but...