Markandya, Anil; Ponczek, Vladimir; Yi, Soonhwa - In: Journal of Developing Areas 44 (2011) 2, pp. 41-68
Recent literature has debated possible adverse impacts of aid volatility on a country's economic performance. Our paper … adds to this literature in three ways: First it tests the validity of the aid volatility and growth relationship from … various aspects: across time horizons, by sources of aid, and by aid volatility interactions with country characteristics …