Morrissey, Oliver; Islei, Olaf; M'Amanja, Daniel - 2006
There is some debate regarding whether aid to poor recipients should be given in the form of loans or grants. This … revenue) and aid on growth in Kenya. Two measures of aid are used; external grants and loans, and both yield different results …. Aid loans are found to have a negative impact on long run growth, while grants have a positive, albeit weak, impact on …