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DO INTERNATIONAL FLOWS INCREASE ENROLLMENT RATES?

Published online by Cambridge University Press:  14 September 2015

Arusha Cooray
Arusha Cooray*
Affiliation:
University of Nottingham(Malaysia Campus) and Centre for Applied Macroeconomic Analysis, Australian National University
*
Address correspondence to: Arusha Cooray, Nottingham University Business School, Jalan Broga, 43500 Semenyih, Selangor Darul Ehsan, Malaysia; e-mail: [email protected].
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Abstract

This study examines the influence of foreign direct investment (FDI), overseas development aid (ODA), and remittances on the enrollment of girls and boys in 103 countries over the years 1970–2011. The results suggest that remittances have a contemporaneous robust significant influence on enrollment, with the positive effect being slightly higher for girls than for boys. FDI and ODA have an influence on the enrollment of girls and boys only after a significant time lag. The results also suggest that the impact of remittances on enrollment is increased through income and a well-developed financial sector; FDI through better institutions and a well-developed financial sector; and ODA through better government policy.

Keywords

ODAFDIRemittancesEnrollment of GirlsEnrollment of Boys
Type
Articles
Information
Macroeconomic Dynamics , Volume 20 , Issue 4 , June 2016 , pp. 1051 - 1072
Copyright
Copyright © Cambridge University Press 2015 

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