This paper investigates the direction of Granger causality, if Granger causality there is, between Swiss bilateral official development aid and Swiss exports for a panel of 50 recipient countries over the period 1974-2013. To account for possible geographical effects, three specific group of...

The most recent literature on aid effectiveness finds a positive effect of aid on growth. To the extent that aid goes through the budget, this either reflects an aid-financed increase in government expenditures (quantity effect) or an improvement in the use of government resources as a result of...

This study re-examined the effect of official development assistance (ODA) of five major donor countries (France, Germany, Japan, the United Kingdom, and the United States) on foreign direct investment (FDI) using panel data from 2003 to 2020. In addition to the system Generalized Method of...