Prati, Alessandro; Rebucci, Alessandro; Kang, Joong Shik - In: Review of Economics and Institutions 3 (2012) 2
The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a …, imports, and per capita GDP growth to a “global” aid shock (the common component of individual country aid-to-GDP ratios). We … find that the estimated cumulative responses of exports and per capita GDP growth to a global aid shock are strongly …