A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and EconomicsThe aim of this study is to investigate to what extent foreign aid rents and natural resource rents can be compared with respect to their impact on economic growth. For this purpose, the direct impact of both economic rents on GDP growth, as well as their impact conditional on the quality of the institutional environment is assessed in cross-country and panel contexts. A natural resource curse is indeed identified in countries with poor institutional quality, however results regarding the impact of international aid rents are ambiguous
