Young, Andrew T.; Sheehan, Kathleen M. - In: European Journal of Political Economy 36 (2014) C, pp. 195-208
Using a panel of up to 116 countries from 1970 to 2010 we estimate the effects of foreign aid flows on a variety of measures of institutional quality. We find that aid flows are associated with the deterioration of both political and economic institutions. Regarding the latter, aid flows are...
