The Curse of Aid

Foreign aid provides a windfall of resources to recipient countries and may result in the same rent seeking behavior as documented in the "curse of natural resources" literature. In this paper, we discuss this effect and document its magnitude. Using panel data for 108 recipient countries...

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Bibliographic Details
Main Authors: Djankov, Simeon, Montalvo, Jose G., Reynal-Querol, Marta
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/5663