Role of external resources FDI, remittances, and imports in the economic growth.

What is it about?

This study attempts to explore the relationship between economic growth and external resources in the case of emerging and growth-leading economies (EAGLE).

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Why is it important?

In most of the previous studies, the impact of FDI, remittances, and imports has been observed individually on the economic growth of the country. These studies provide an individual country’s analysis; however, they fail to provide the combined effect on multiple countries which may help to understand the collective aggregate effects on the economic growth. Therefore, this study examines the effect of the abovementioned external variables using cross-country data collected from eight EAGLE countries, including China, Pakistan, India, Bangladesh, Philippines, Mexico, Egypt, and Nigeria. Furthermore, the study provides a statistical view of the impact of FDI, remittances, and imports on the growth of the economy during the past years. The study will also be beneficial for policymakers, business sectors, and individuals who monitor the flow of FDI, remittances, and imports in the country.

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