2019, Volume 72 - Issue 1
RSS feed citation: At RePEc
Publication date: 01 February 2019
STUDY ON THE CAUSALITY NEXUS BETWEEN MACRO-ECONOMIC VARIABLES USING VECTOR ERROR CORRECTION MODELINGRead the article
REMITTANCES AND FOREIGN AIDS: SUBSTITUTES OR COMPLEMENTS IN THE ECONOMIC GROWTH OF DEVELOPING COUNTRIES?Read the article
FOREIGN DIRECT INVESTMENTS, EXPORTS AND ECONOMIC GROWTH IN SIDS: EVIDENCE FROM SANTA LUCIARead the article
TIME SERIES ANALYSIS USING ARIMA MODELS: AN APPROACH TO FORECASTING HEALTH EXPENDITURES IN USARead the article
Temitope LANIRAN, Bradford Centre for International Development, University of Bradford, United Kingdom and Centre for Petroleum, Energy Economics and Law, University of Ibadan, Nigeria
Victoria A. OLAKUNLE, School of Economics, The University of Nottingham, UK
Existing literature posits that there is an association between foreign aid and growth; however, the robustness of this relationship is often questioned. A similar lack of consensus exists on the relationship between remittances and growth. Given the significant outlays of foreign aid and remittances to developing countries, this study is motivated by the objective of investigating which of these transfers has the greater impact on growth. Employing panel data of 77 developing countries over the 1995-2011 periods using Systems GMM, the results suggest a substitutable relationship and not complementary between aid and remittances implying that the presence of remittance reduces the amount of aid allocated to a country and also its relative growth-impact.
F24, F35, O41
Foreign Aid, Remittances, Economic Growth
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