Collier, Paul; Goderis, Benedikt - Oxford Centre for the Analysis of Resource-Rich … - 2008
This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in … commodity-dependent countries. Using a large cross-country dataset, we find that negative shocks matter for short-term growth … effectiveness by redirecting aid towards countries with a high incidence of commodity export price shocks. …