Social Sciences
5 years ago

Foreign Investment Boosts Growth, but Remittances Hinder Development, Study Finds

Review of Development Economics
The effects of remittances, foreign direct investment, and foreign aid on economic growth: An empirical analysis
Graham Bird, Yong-Seok Choi

Paper Summary

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The study looked at how money from different sources like remittances, foreign direct investment (FDI), and foreign aid affects economic growth. They used data from 1976 to 2015 and found that FDI has a positive impact on economic growth, while remittances have a negative impact. The effect of foreign aid was not clear. The researchers also considered other factors that could influence economic growth and tested their results across different regions and income levels.