Lloyd, Tim A.; McGillivray, Mark; Morrissey, Oliver; … - 1998
This paper demonstrates that an empirical link between aid and trade exist (for some donor-recipient pairs), but that … challenge the assertion, often made in debates regarding tied aid, that aid creates or promotes trade. The argument that aid … leads to trade is usually based on anecdotal or microeconomic (project or firm-level data), but this cannot be generalised …