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The (Small) Blessing Of Foreign Aid: Further Evidence On Aid's Impact On Democracy, John Thornton
The (Small) Blessing Of Foreign Aid: Further Evidence On Aid's Impact On Democracy, John Thornton
John Thornton
In an empirical contribution to the literature of foreign aid, we estimate the impact of foreign aid on democracy in a panel of 93 developing economies during 1971–2010. We find that foreign aid promotes democracy, with the result robust to different estimation methodologies and control variables and to instrumenting for foreign aid.