Jiang, Yushi; Borojo, Dinkneh Gebre; Miao, Miao; Zhang, … - In: Cogent Business & Management 7 (2020) 1, pp. 1-25
We investigate the driving factors of Chinese aid allocation to 44 African countries for the periods 2003-2017. The Poisson pseudo-maximum likelihood (PPML) procedure is applied to estimate the gravity model of aid and loan allocation as it can solve zero-valued observations and heterogeneity...