of fragile states. The main contribution of this paper is to fulfill this gap while testing whether remittances, foreign … that, foreign aid is complement for both remittances and foreign direct investment. However this effect partially vanishes … as foreign aid is complement for both remittances and foreign direct investment, an optimal policy in the case of fragile …

This article elaborates on the role of personal remittances and Foreign Direct Investment (FDI) as the forms of … international private aid most compatible with sustainable economic growth and development. We argue that remittances and FDIs are …, market complexity, and the institutional prospects in poor nations. Globalization has led to increased flows of remittances …

That remittances are a stable source of external finance seems to have become the received wisdom. In addition, many … studies have found remittances to behave counter-cyclically, increasing during crises and times of hardship for the recipient … countries. Are remittances reliable macroeconomic stabilizers? To answer this question, the present study examines the stability …

undermine the effect of Foreign Direct Investment (FDI), official development assistance (ODA) and migrants' remittances on … economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances …

by the global financial crisis, principally through reductions in remittances, aid flows and FDI. It argues that the …