This paper makes two main contributions. First, we examine the long-run effect of foreign aid on domestic output for 59 … detect possible cross-country differences in the output effect of aid. The main result is that aid has, on average, a …-specific factors explaining the cross-country differences in the estimated long-run effect of aid. In contrast to previous studies, we …

This paper makes two main contributions. First, we examine the long-run effect of foreign aid on domestic output for 59 … to detect possible cross-country differences in the output effect of aid. The main result is that aid has, on average, a …-specific factors explaining the cross-country differences in the estimated long-run effect of aid. In contrast to previous studies, we …

This paper makes two main contributions. First, we examine the long-run effect of foreign aid on domestic output for 59 … to detect possible cross-country differences in the output effect of aid. The main result is that aid has, on average, a …-specific factors explaining the cross-country differences in the estimated long-run effect of aid. In contrast to previous studies, we …

This paper makes two main contributions. First, we examine the long-run effect of foreign aid on domestic output for 59 … to detect possible cross-country differences in the output effect of aid. The main result is that aid has, on average, a …-specific factors explaining the cross-country differences in the estimated long-run effect of aid. In contrast to previous studies, we …

The principal argument of this paper is that the effect of aid on GDP depends on a trade-off that is country specific …: aid has a direct positive effect through financing investment but an indirect effect through aggregate productivity that … can be negative if aid exacerbates growth-retarding factors such as poor governance. Data for 59 developing countries over …