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economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances … the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging … undermine the effect of Foreign Direct Investment (FDI), official development assistance (ODA) and migrants' remittances on …
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The purpose of this study is to examine the effect of financial development and remittances on economic growth across … financial development and remittances on economic growth with regard to WBC. Based on system GMM analysis, we found that … financial development (broad money stock ratio) and remittances shows positive impact on economic growth across WBC. However …
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policies. In particular, we hypothesize that aid from donors that are open to immigration has stronger growth effects than aid … from closed donors. We estimate the aid-growth nexus in first differences to mitigate endogeneity concerns. Our empirical … results support the hypothesis that donors’ openness to immigration strengthens the growth effects of foreign aid. …
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