• openAccess   Comment on Lof, Mekasha, and Tarp (2014) 

      Herzer, Dierk; Nowak-Lehmann D., Felicitas; Dreher, Axel; Klasen, Stephan; Martinez-Zarzoso, Inmaculada Elsevier (2015-06)
      In Nowak-Lehmann et al. (2012), we used time-series methods to investigate the impact of aid on per capita GDP. Lof, Mekasha, and Tarp (LMT, 2014) criticize our econometric approach, our interpretation, and our data-handling ...
    • closedAccess   Does foreign aid really raise per capita income? A time series perspective 

      Nowak-Lehmann D., Felicitas; Dreher, Axel; Herzer, Dierk; Klasen, Stephan; Martinez-Zarzoso, Inmaculada Wiley (2012-02)
      We analyze the relationship between per capita income and foreign aid. We employ annual data and five-year averages and carefully examine the time-series properties of the data. Panel estimations with dynamic feasible ...