D. Acemoglu, S. Johnson, and J. A. Robinson, The Colonial Origins of Comparative Development: An Empirical Investigation, American Economic Review, vol.91, issue.5, pp.1369-1401, 2001.
DOI : 10.1257/aer.91.5.1369

J. D. Angrist and J. S. Pischke, Mostly harmless econometrics: An empiricist's companion, 2009.

T. W. Anderson and C. Hsiao, Formulation and estimation of dynamic models using panel data, Journal of Econometrics, vol.18, issue.1, pp.47-82, 1982.
DOI : 10.1016/0304-4076(82)90095-1

T. W. Anderson and H. Rubin, Estimation of the parameters of a single equation in a complete system of stochastic equations. The Annals of Mathematical Statistics, pp.46-63, 1949.

M. Arellano and S. Bond, Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, The Review of Economic Studies, vol.58, issue.2, pp.277-297, 1991.
DOI : 10.2307/2297968

M. Arellano and O. Bover, Another look at the instrumental variable estimation of error-components models, Journal of Econometrics, vol.68, issue.1, pp.29-51, 1995.
DOI : 10.1016/0304-4076(94)01642-D

C. Arndt, S. Jones, and F. Tarp, Aid, Growth, and Development: Have We Come Full Circle?, Journal of Globalization and Development, vol.1, issue.2, 2010.
DOI : 10.2202/1948-1837.1121

C. Arndt, S. Jones, and F. Tarp, Assessing Foreign Aid???s Long-Run Contribution to Growth and Development, World Development, vol.69, pp.6-18, 2014.
DOI : 10.1016/j.worlddev.2013.12.016

R. J. Barro, Economic Growth in a Cross Section of Countries, The Quarterly Journal of Economics, vol.106, issue.2, pp.407-443, 1991.
DOI : 10.2307/2937943

C. F. Baum, M. E. Schaffer, and S. Stillman, Enhanced routines for instrumental variables/GMM estimation and testing, Stata Journal, vol.7, issue.4, pp.465-506, 2007.

S. Bazzi and M. A. Clemens, Blunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth, American Economic Journal: Macroeconomics, vol.5, issue.2, pp.152-186, 2013.
DOI : 10.1257/mac.5.2.152

S. Bazzi and R. Bhavnani, Response to Roodman " A Replication of 'Counting Chickens When They Hatch, Public Finance Review, 2014.

T. Beck, G. Clarke, A. Groff, P. Keefer, and P. Walsh, New Tools in Comparative Political Economy: The Database of Political Institutions, The World Bank Economic Review, vol.15, issue.1, pp.165-176, 2001.
DOI : 10.1093/wber/15.1.165

N. Billor, A. S. Hadi, and P. F. Velleman, BACON: blocked adaptive computationally efficient outlier nominators, Computational Statistics & Data Analysis, vol.34, issue.3, pp.279-298, 2000.
DOI : 10.1016/S0167-9473(99)00101-2

R. Blundell and S. Bond, Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics, vol.87, issue.1, pp.115-143, 1998.
DOI : 10.1016/S0304-4076(98)00009-8

P. Boone, Politics and the effectiveness of foreign aid, European Economic Review, vol.40, issue.2, pp.289-329, 1996.
DOI : 10.1016/0014-2921(95)00127-1

J. Bound, D. A. Jaeger, and R. M. Baker, Problems with Instrumental Variables Estimation when the Correlation between the Instruments and the Endogenous Explanatory Variable is Weak, Journal of the American Statistical Association, vol.82, issue.430, pp.90-443, 1995.
DOI : 10.1080/01621459.1995.10476536

D. Bräutigam, Aid dependence and governance, 2000.

V. Brech and N. Potrafke, Donor ideology and types of foreign aid, Journal of Comparative Economics, vol.42, issue.1, pp.61-75, 2014.
DOI : 10.1016/j.jce.2013.07.002

M. Brückner, On the simultaneity problem in the aid and growth debate, Journal of Applied Econometrics, vol.69, issue.41, pp.126-150, 2013.
DOI : 10.1002/jae.1259

J. Bulow and K. Rogoff, Grants versus Loans for Development Banks, American Economic Review, vol.95, issue.2, pp.393-397, 2005.
DOI : 10.1257/000282805774669727

C. Burnside and D. Dollar, Aid, Policies, and Growth, American Economic Review, vol.90, issue.4, pp.847-868, 2000.
DOI : 10.1257/aer.90.4.847

C. Cameron, P. Trivedi, C. Cameron, and P. Trivedi, Microeconometrics. Methods and applications, Microeconometrics using STATA. Lakeway Drive, 2005.

J. B. Chatelain and K. Ralf, Spurious regressions and near-multicollinearity, with an application to aid, policies and growth, Journal of Macroeconomics, vol.39, pp.85-96, 2014.
DOI : 10.1016/j.jmacro.2013.11.003

URL : https://hal.archives-ouvertes.fr/halshs-00802579

L. Chauvet, B. Arvin, and . Lew, (forthcoming): On the heterogenous impact of aid on growth. A review of the evidence, Handbook on the Economics of Foreign Aid

M. A. Clemens, S. Radelet, R. R. Bhavnani, and S. Bazzi, Counting Chickens when they Hatch: Timing and the Effects of Aid on Growth*, The Economic Journal, vol.1, issue.2, pp.122-590, 2012.
DOI : 10.1111/j.1468-0297.2011.02482.x

D. Cohen, P. Jacquet, and H. Reisen, Loans or grants? Review of World Economics, pp.764-782, 2007.

C. J. Dalgaard, H. Hansen, and F. Tarp, On The Empirics of Foreign Aid and Growth*, The Economic Journal, vol.89, issue.3, pp.191-216, 2004.
DOI : 10.1111/j.1468-0297.2004.00219.x

A. Deaton, Instruments, Randomization, and Learning about Development, Journal of Economic Literature, vol.48, issue.2, pp.424-455, 2010.
DOI : 10.1257/jel.48.2.424

S. Djankov, J. G. Montalvo, and M. Querol, Aid with multiple personalities, Journal of Comparative Economics, vol.37, issue.2, pp.217-229, 2009.
DOI : 10.1016/j.jce.2008.09.005

H. Doucouliagos and M. Paldam, Aid effectiveness on growth: A meta study, European Journal of Political Economy, vol.24, issue.1, pp.1-24, 2008.
DOI : 10.1016/j.ejpoleco.2007.06.002

H. Doucouliagos and M. Paldam, THE AID EFFECTIVENESS LITERATURE: THE SAD RESULTS OF 40 YEARS OF RESEARCH, Journal of Economic Surveys, vol.20, issue.3, pp.433-461, 2009.
DOI : 10.1111/j.1467-6419.2008.00568.x

H. Doucouliagos and M. Paldam, The ineffectiveness of development aid on growth: An update, European Journal of Political Economy, vol.27, issue.2, pp.399-404, 2011.
DOI : 10.1016/j.ejpoleco.2010.11.004

A. Dreher, V. Z. Eichenauer, and K. Gehring, Geopolitics, aid and growth, 2014.

A. Dreher, S. Klasen, J. R. Vreeland, and E. Werker, The costs of favoritism: Is politically-driven aid less effective? Center for European Governance and Economic Development Research Discussion paper, 2010.

A. Dreher, A. Minasyan, and P. Nunnenkamp, Government ideology in donor and recipient countries: Does ideological proximity matter for the effectiveness of aid?, European Economic Review, vol.79, issue.1870, 2014.
DOI : 10.1016/j.euroecorev.2015.07.004

W. Easterly, Can foreign aid buy growth? The Journal of Economic Perspectives, pp.23-48, 2003.

W. Easterly, R. Levine, and D. Roodman, Aid, Policies, and Growth: Comment, American Economic Review, vol.94, issue.3, pp.774-780, 2004.
DOI : 10.1257/0002828041464560

H. Ehrhart and L. Chauvet, Aid and Growth Evidence from Firm-level Data, 2014.

W. A. Fuller, Some Properties of a Modification of the Limited Information Estimator, Econometrica, vol.45, issue.4, pp.939-953, 1977.
DOI : 10.2307/1912683

S. Galiani, S. Knack, L. C. Xu, and B. Zou, The effect of aid on growth: Evidence from a quasi-experiment, 2014.

W. Greene, Econometric analysis (7e, 2012.

P. Guillaumont and L. Chauvet, Aid and Performance: A Reassessment, Journal of Development Studies, vol.37, issue.6, pp.66-92, 2001.
DOI : 10.1080/713601083

H. Hansen and F. Tarp, Aid and growth regressions, Journal of Development Economics, vol.64, issue.2, pp.547-570, 2001.
DOI : 10.1016/S0304-3878(00)00150-4

J. Hahn, J. Hausman, and G. Kuersteiner, Estimation with weak instruments: Accuracy of higher-order bias and MSE approximations, The Econometrics Journal, vol.65, issue.1, pp.272-306, 2004.
DOI : 10.1016/S0304-4076(99)00082-2

L. P. Hansen, J. Heaton, and A. Yaron, Finite-sample properties of some alternative GMM estimators, Journal of Business & Economic Statistics, vol.14, issue.3, pp.262-280, 1996.

N. Islam, Growth Empirics: A Panel Data Approach, The Quarterly Journal of Economics, vol.110, issue.4, pp.1127-1170, 1995.
DOI : 10.2307/2946651

F. Kleibergen and R. Paap, Generalized reduced rank tests using the singular value decomposition, Journal of Econometrics, vol.133, issue.1, pp.97-126, 2006.
DOI : 10.1016/j.jeconom.2005.02.011

F. Kleibergen and M. E. Schaffer, Ranktest: module for testing the rank of a matrix using the Kleibergen-Paap rk statistic. Statistical software component, 2007.

C. Lessmann and G. Markwardt, Aid, Growth and Devolution, World Development, vol.40, issue.9, pp.1723-1749, 2012.
DOI : 10.1016/j.worlddev.2012.04.023

N. G. Mankiw, D. Romer, and D. N. Weil, A Contribution to the Empirics of Economic Growth, The Quarterly Journal of Economics, vol.107, issue.2, pp.407-437, 1992.
DOI : 10.2307/2118477

J. Miquel-florensa, Aid effectiveness: a comparison of tied and untied aid. York University working paper, 2007.

S. Nickell, Biases in Dynamic Models with Fixed Effects, Econometrica, vol.49, issue.6, pp.1417-1426, 1981.
DOI : 10.2307/1911408

N. Nunn and N. Qian, US Food Aid and Civil Conflict, American Economic Review, vol.104, issue.6, pp.1630-1666, 2014.
DOI : 10.1257/aer.104.6.1630

R. G. Rajan and A. Subramanian, Aid and growth: What does the cross-country evidence really show? The Review of economics and Statistics, pp.643-665, 2008.

C. M. Reinhart and K. S. Rogoff, Growth in a Time of Debt, American Economic Review, vol.100, issue.2, pp.573-578, 2010.
DOI : 10.1257/aer.100.2.573

D. Roodman, Through the Looking Glass, and What OLS Found There: On Growth, Foreign Aid, and Reverse Causality, Center for Global Development Working Paper, 2008.
DOI : 10.2139/ssrn.1100142

D. Roodman, How to do Xtabond2: An Introduction to Difference and System GMM in Stata, SSRN Electronic Journal, vol.9, issue.1, pp.86-136, 2009.
DOI : 10.2139/ssrn.982943

D. Roodman, A Note on the Theme of Too Many Instruments, Oxford Bulletin of Economics and Statistics, vol.16, issue.1, pp.135-158, 2009.
DOI : 10.1111/j.1468-0084.2008.00542.x

D. Roodman, A Comment on Counting Chickens When They Hatch, 2013.

D. Roodman, A Replication of Counting Chickens When They Hatch Public Finance Review, Economic Journal, 2012.

J. D. Sachs, A. Warner, A. Åslund, and S. Fischer, Economic Reform and the Process of Global Integration, Brookings Papers on Economic Activity, vol.1995, issue.1, pp.1-118, 1995.
DOI : 10.2307/2534573

X. X. Sala-i-martin, I just ran two million regressions, The American Economic Review, vol.87, issue.2, pp.178-183, 1997.

J. E. Sanford, World Bank: IDA loans or IDA grants? World Development, pp.741-762, 2002.

A. Scholl, Aid effectiveness and limited enforceable conditionality, Review of Economic Dynamics, vol.12, issue.2, pp.377-391, 2009.
DOI : 10.1016/j.red.2008.09.005

D. Staiger and J. H. Stock, Instrumental Variables Regression with Weak Instruments, Econometrica, pp.557-586, 1997.
DOI : 10.3386/t0151

J. H. Stock and M. Yogo, Testing for weak instruments in linear IV regression. Identification and inference for econometric models: Essays, 2005.

J. Svensson, Why conditional aid does not work and what can be done about it?, Journal of Development Economics, vol.70, issue.2, pp.381-402, 2003.
DOI : 10.1016/S0304-3878(02)00102-5

J. Tavares, Does foreign aid corrupt?, Economics Letters, vol.79, issue.1, pp.99-106, 2003.
DOI : 10.1016/S0165-1765(02)00293-8

J. Temple, The New Growth Evidence, Journal of Economic Literature, vol.37, issue.1, pp.112-156, 1999.
DOI : 10.1257/jel.37.1.112

S. Weber, bacon: An effective way to detect outliers in multivariate data using Stata (and Mata), Stata Journal, vol.10, issue.3, p.331, 2010.

E. Werker, F. Z. Ahmed, and C. Cohen, How Is Foreign Aid Spent? Evidence from a Natural Experiment, American Economic Journal: Macroeconomics, vol.1, issue.2, pp.225-244, 2009.
DOI : 10.1257/mac.1.2.225

J. Wooldridge, Introductory econometrics: A modern approach (5e.), 2012.