<> "The repository administrator has not yet configured an RDF license."^^ . <> . . "Aid and growth.New evidence using an excludable instrument"^^ . "We use an excludable instrument to test the effect of bilateral foreign aid on economic growth in a sample\r\nof 96 recipient countries over the 1974-2009 period. We interact donor government fractionalization with\r\na recipient country’s probability of receiving aid. The results show that fractionalization increases donors’\r\naid budgets, representing the over-time variation of our instrument, while the probability of receiving aid\r\nintroduces variation across recipient countries. Controlling for country- and period-specific effects that\r\ncapture the levels of the interacted variables, the interaction provides a powerful and excludable instrument.\r\nMaking use of the instrument, our results show no significant effect of aid on growth in the overall\r\nsample. We also investigate the effect of aid on consumption, savings, and investments, and split the\r\nsample according to the quality of economic policy, democracy, and the Cold War period. With the exception\r\nof the post-Cold War period (where abundant aid reduces growth), we find no significant effect of\r\naid on growth in any of these sub-samples. None of the other outcomes are affected by aid."^^ . "2017-06" . . . "0635" . . . . . . . . "Axel"^^ . "Dreher"^^ . "Axel Dreher"^^ . . "Sarah"^^ . "Langlotz"^^ . "Sarah Langlotz"^^ . . . . . . "Aid and growth.New evidence using an excludable instrument (PDF)"^^ . . . "__ad.uni-heidelberg.de_wiso_u.arnold_Desktop_Dreher_Langlotz_2017_dp635.pdf"^^ . . . "Aid and growth.New evidence using an excludable instrument (Other)"^^ . . . . . . "indexcodes.txt"^^ . . . "Aid and growth.New evidence using an excludable instrument (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Aid and growth.New evidence using an excludable instrument (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Aid and growth.New evidence using an excludable instrument (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Aid and growth.New evidence using an excludable instrument (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #23147 \n\nAid and growth.New evidence using an excludable instrument\n\n" . "text/html" . . . "330 Wirtschaft"@de . "330 Economics"@en . .