A. S. Abbas, N. Belhocine, A. Elganainy, and M. Horton, A Historical Public Debt Database, IMF Working Paper, vol.10, p.245, 2010.

P. Aghion and I. Marinescu, Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data? " NBER Macroeconomic Annual, pp.251-93, 2007.

J. Aizenman and M. Nancy, The high demand for international reserves in the Far East: What is going on?, Journal of the Japanese and International Economies, vol.17, issue.3, pp.370-400, 2003.
DOI : 10.1016/S0889-1583(03)00008-X

A. Alesina and G. Tabellini, Why is Fiscal Policy Often Procyclical? NBER Working Paper, 2005.
DOI : 10.2139/ssrn.780225

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.153.3747

A. Alesina and D. Dollar, Who gives foreign aid to whom and why, Journal of Economic Growth, vol.5, issue.1, pp.33-63, 2000.
DOI : 10.3386/w6612

A. Alesina, F. Campante, and G. Tabellini, Why Is Fiscal Policy Often Procyclical?, Journal of the European Economic Association, vol.6, issue.5, pp.1006-1042, 2008.
DOI : 10.1162/JEEA.2008.6.5.1006

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.153.3747

M. Beenstock, Political econometry of official development assistance, World Development, vol.8, issue.2, pp.137-144, 1980.
DOI : 10.1016/0305-750X(80)90022-4

B. Slimane, S. , and M. B. Tahar, Why is Fiscal Policy Procyclical in MENA Countries?, International Journal of Economics and Finance, vol.2, issue.5, 2010.
DOI : 10.5539/ijef.v2n5p44

J. Berthélemy, Bilateral Donors' Interest vs. Recipients' Development Motives in Aid Allocation: Do All Donors Behave the Same?, Review of Development Economics, vol.104, issue.2, pp.179-194, 2006.
DOI : 10.1111/1468-0297.00521

O. Celasun and J. Walliser, Predictability of aid: Do fickle donors undermine aid effectiveness? Economic Policy, pp.545-594, 2008.

L. Chauvet and P. Guillaumont, Aid, Volatility and Growth Again. When Aid Volatility Matters and When It Does Not. UNU-WIDER Research Paper No, p.78, 2008.
URL : https://hal.archives-ouvertes.fr/halshs-00557123

M. D. Chinn and H. Ito, What matters for financial development? Capital controls, institutions, and interactions, Journal of Development Economics, vol.81, issue.1, pp.163-192, 2006.
DOI : 10.1016/j.jdeveco.2005.05.010

J. L. Combes and C. Ebeke, Remittances and Household Consumption Instability in Developing Countries, World Development, vol.39, issue.7, pp.1076-1089, 2010.
DOI : 10.1016/j.worlddev.2010.10.006

URL : https://hal.archives-ouvertes.fr/halshs-00552245

T. F. Cooley, P. , and E. C. , An Adaptive Regression Model, International Economic Review, vol.14, issue.2, pp.364-371, 1973.
DOI : 10.2307/2525926

T. F. Cooley, P. , and E. C. , Estimation in the Presence of Stochastic Parameter Variation, Econometrica, vol.44, issue.1, pp.167-184, 1976.
DOI : 10.2307/1911389

O. Diallo, Tortuous Road Toward Countercyclical Fiscal Policy: Lessons From, 2008.
DOI : 10.1016/j.jpolmod.2008.03.004

A. Dreher, M. Schmaljohann, and P. Nunnenkamp, The Allocation of German Aid, 2013.

D. Plessis, S. , and W. Boshoff, A Fiscal Rule to Produce Counter-cyclical Fiscal Policy in South Africa, Stellenbosch University Working Paper, vol.13, 2007.

D. Plessis, S. , B. Smit, and F. Sturzenegger, THE CYCLICALITY OF MONETARY AND FISCAL POLICY IN SOUTH AFRICA SINCE 1994, The South African Journal of Economics, vol.23, issue.4, pp.391-411, 1994.
DOI : 10.1111/j.1813-6982.2007.00114.x

W. Easterly, The Elusive Quest for Growth: Economists Adventures and Misadventures in the Tropics, 2001.

C. H. Ebeke, Do Remittances Lead to a Public Moral Hazard in Developing Countries? An Empirical Investigation, Journal of Development Studies, vol.14, issue.2, pp.1009-1025, 2012.
DOI : 10.1111/j.1468-0297.2008.02134.x

URL : https://hal.archives-ouvertes.fr/hal-00807100

Y. Endegnanew, The Cyclicality of Fiscal Policy in Good and Bad Times, 2013.

N. Erbil, Is Fiscal Policy Procyclical in Developing Oil-Producing Countries? IMF Working Papers WP, 2011.

R. Faini, Foreign aid and fiscal policy. CEPR Discussion Paper No. 5721, 2006.
DOI : 10.2139/ssrn.918229

A. Fata´s, Is There a Case for Sophisticated Balanced-Budget Rules? Working Paper No. ECO, 2005.

D. Fielding and G. Mavrotas, The Volatility of Aid. WIDER Discussion Paper, 2005.

J. A. Frankel, C. A. Vegh, and G. Vuletin, On graduation from fiscal procyclicality, Journal of Development Economics, 2012.

E. Friedman, S. Johnson, D. Kaufmann, and P. Zoido-lobato´n, Dodging the grabbing hand: the determinants of unofficial activity in 69 countries, Journal of Public Economics, vol.76, issue.3, pp.459-93, 2000.
DOI : 10.1016/S0047-2727(99)00093-6

M. Friedman, Foreign Economic Aid, Yale Review, vol.47, issue.4, pp.501-517, 1958.

E. Frot, Aid and the Financial Crisis: Shall We Expect Development Aid to Fall?, SSRN Electronic Journal, 2009.
DOI : 10.2139/ssrn.1402788

A. Fuchs, A. Dreher, and P. Nunnenkamp, Determinants of Donor Generosity: A Survey of the Aid Budget Literature, World Development, vol.56, pp.172-199, 2014.
DOI : 10.1016/j.worlddev.2013.09.004

M. Gavin, R. Perotti, and W. Henisz, Fiscal Policy in Latin America Measures of Political Risk, NBER Macroeconomics Annual, pp.11-61, 1997.

M. Gavin and R. Perotti, Fiscal Policy in Latin America, NBER Macroeconomics Annual, vol.12, pp.11-71, 1997.
DOI : 10.1086/654320

N. Gemmell and M. Mcgillivray, Aid and tax instability and the government budget constraints in developing countries. CREDIT working paper no, 1998.

M. Gersovitz and J. Mackinnon, Seasonality in Regression: An Application of Smoothness Priors, Journal of the American Statistical Association, vol.73, issue.362, pp.264-273, 1978.
DOI : 10.2307/2525743

D. Ghura, Tax Revenue in Sub-Saharan Africa: Effects of Economic Policies and Corruption, Governance, Corruption and Economic Performance, pp.369-95, 2002.
DOI : 10.5089/9781451855685.001

S. K. Gnangnon, The Effect of Development Aid Unpredictability and Migrants??? Remittances on Fiscal Consolidation in Developing Countries, World Development, vol.54, pp.168-190, 2014.
DOI : 10.1016/j.worlddev.2013.08.003

URL : https://hal.archives-ouvertes.fr/halshs-00677108

I. Grabel, The Political Economy of Remittances: What do we know? What do we need to know, Working Paper No. 184, Political Economy Research Institute, 2008.

V. Lledo, I. Yackovlev, and L. Gadenne, Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors. IMF Working Paper 09, 2009.

E. Lundsgaarde, C. Breunig, and A. &prakash, Trade versus aid: donor generosity in an era of globalization, Policy Sciences, vol.21, issue.2, pp.157-179, 2007.
DOI : 10.1007/s11077-007-9040-0

S. Mohapatra, D. Ratha, and A. Silwal, Outlook for Remittance Flows, pp.2011-2023, 2010.

G. K. Mpatswe, S. J. Tapsoba, and R. C. York, The Cyclicality of Fiscal Policies in the CEMAC Region In Oil Wealth in Central Africa : policies for inclusive growth, 2012.

J. Munemo, S. Bandyopadhyay, and A. Basistha, Foreign aid and export performance: A panel data analysis of developing countries Theory and practice of foreign aid, pp.421-433, 2007.

E. Neumayer, The Determinants of Aid Allocation by Regional Multilateral Development Banks and United Nations Agencies, International Studies Quarterly, vol.47, issue.1, pp.101-122, 2003.
DOI : 10.1111/1468-2478.4701005

E. K. Ogunleye and D. A. Fashina, The imperative for Domestic Resource Mobilization for Sustained Post-recovery and Growth in Sub-Saharan Africa, 2010.

S. Pallage and M. A. Robe, Foreign Aid and the Business Cycle, Review of International Economics, vol.9, issue.4, pp.641-72, 2001.
DOI : 10.1111/1467-9396.00305

J. Pettersson and L. Johansson, Aid, Aid for Trade, and bilateral trade: An empirical study, The Journal of International Trade & Economic Development, vol.93, issue.1, pp.866-894, 2013.
DOI : 10.1093/wbro/lkm001

S. Radelet, A Primer on Foreign Aid. Center for Global Development Working Paper, 2006.

M. O. Ravn and H. Uhlig, On Adjusting the Hodrick-Prescott Filter for the Frequency of Observations, Review of Economics and Statistics, vol.14, issue.4, pp.371-376, 2002.
DOI : 10.1002/jae.3950090507

C. Reinhart, G. Kaminsky, and C. Vegh, When It Rains It Pours: Procyclical Capital Flows and Macroeconomic Policies. NBER Macroeconomics Annual, National Bureau of Economic Research, 2004.

A. Riascos and C. Végh, Procyclical Government Spending in Developing Countries: the Role of Capital Market Imperfections, 2003.

B. Rosenberg, The Estimation of Stationary Stochastic Regression Parameters Reexamined, Journal of the American Statistical Association, vol.38, issue.2, pp.650-654, 1972.
DOI : 10.2307/2284029

J. I. Round and M. Odedokun, Aid effort and its determinants. WIDER Discussion Paper, 2003.
DOI : 10.1016/j.iref.2003.11.006

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.517.4623

J. I. Round and M. Odedokun, Aid effort and its determinants, International Review of Economics & Finance, vol.13, issue.3, pp.293-309, 2004.
DOI : 10.1016/j.iref.2003.11.006

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.517.4623

J. Sachs, Ending Africa's Poverty Trap, Brookings Papers on Economic Activity, vol.2004, issue.1, pp.117-240, 2004.
DOI : 10.1353/eca.2004.0018

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.600.1341

N. Stern, Making the Case for Aid, World Bank, A Case for Aid: Building a Consensus for Development Assistance, 2002.

J. Stiglitz, Overseas Aid is Money Well Spent, Financial Times, 2002.

E. Talvi and C. Vegh, Tax base variability and procyclical fiscal policy in developing countries, Journal of Development Economics, vol.78, issue.1, pp.156-90, 2005.
DOI : 10.1016/j.jdeveco.2004.07.002

V. Tanzi and H. Davoodi, Corruption, Public Investment and Growth, International Monetary Fund Working Papers n° 97, 1997.

A. Table, Testing for additional controls on baseline specification for multilateral aid's equation 1

. Aidprom, 000) (0.000) (0.000) (0.000) (0.000) Log(gdppc) -0 Year dummies, *** 0.533*** 0.313*** 0.295*** (0.003) (0.002) (0.002) (0.000) (0.000)