Search

Search Results

3 results found

• Open Access In Press Macroeconomics Finance

  17 Pages Download PDF: The Asymmetric Associations of Foreign Aid and Remittances with Real GDP per Capita in Developing Countries: Evidence from a CS-NARDL Approach

  The Asymmetric Associations of Foreign Aid and Remittances with Real GDP per Capita in Developing Countries: Evidence from a CS-NARDL Approach

  Moheddine Younsi, Marwa Bechtini

  2026-11-01 https://doi.org/10.36923/ie-frontiers.v29i2.438

  This study examines the asymmetric associations of foreign aid and remittances with real GDP per capita in 68 developing countries, comprising 17 low-income countries (LICs) and 51 middle-income countries (MICs), over 1980–2023. It employs a Cross-Sectionally Augmented Nonlinear Autoregressive Distributed Lag (CS-NARDL) approach, controlling for financial development and foreign direct investment. The methodology captures asymmetric short- and long-run responses to positive and negative changes in foreign aid and remittances while accounting for cross-sectional dependence. The findings show positive coefficients on positive changes in both inflows, while the reported negative coefficients on signed decline components imply a positive predicted income response to declines in these inflows. The estimated aid associations vary more substantially across income groups, with LICs showing greater sensitivity to changes in aid flows. In the short-run, the effects are generally weaker and more heterogeneous, with growth responses to positive changes in foreign aid and remittances varying across model specifications. The expansion and contraction specifications yield different associations; their signs do not establish that external inflows cushion downturns. A supplementary Dynamic Common Correlated Effects (DCCE) specification reports broadly similar coefficient patterns. Overall, the findings underscore the importance of accounting for asymmetric responses when examining the relationship between foreign aid, remittances, and economic growth in developing countries. The findings warrant cautious policy interpretation because several estimated associations differ from the proposed economic mechanisms.

  pp. 16-32 Abstract views:0 Downloads:0

• Open Access Article Economics

  17 Pages Download PDF: Exploring How Income Inequality, Education, and Policy Shape Energy Access Disparities in Southeast Asia

  Exploring How Income Inequality, Education, and Policy Shape Energy Access Disparities in Southeast Asia

  Syeda Anam Hassan, Inayatul Haq, Alamzeb Aamir, Ihtisham ul Haq, Khalid Zaman

  2025-12-18 https://doi.org/10.36923/ie-frontiers.v28i2.403

  The pursuance of Sustainable Development Goal 7, Affordable and Clean Energy, takes center stage in this research in the vibrant geography of Southeast Asia. This investigation centers on the social and economic ramifications of renewable energy policy, examining the various factors that influence energy fairness and justice. The study aims to determine how financial disparity, community participation, education, policy support, and geographical constraints affected energy access discrepancies in a panel of nine selected Southeast Asian countries from 2000 to 2023. The study employed a panel Autoregressive Distributed Lag (ARDL) model and robust least squares regression for estimation. Income inequality negatively and significantly affects energy access disparity (EAD) in the panel ARDL model. Community involvement and education improve energy accessibility. Education raises awareness of sustainable energy practices and technology, which increases energy-efficient solution adoption. Community involvement affects inclusive energy access and environmental sustainability policies, and public opinion. Additionally, geographical obstacles and public support are correlated positively, indicating that practical policy actions and investments can increase energy availability. Centralized infrastructure, technology, and egalitarian energy solutions may overcome geographical obstacles. Finally, policy support has an "inverted U-shaped" pattern, suggesting that it may promote socioeconomic growth and reduce energy access inequities. The study provides deep insights that can influence targeted policy choices and promote a sustainable and inclusive energy future for Southeast Asian countries.

  pp. 14-30 Abstract views:886 Downloads:214

• Open Access Article Economics Macroeconomics

  13 Pages Download PDF: Foreign Direct Investment, Capital Flows, and Sectoral Growth in Nigeria: A Comparative Analysis of Agriculture and Manufacturing

  Foreign Direct Investment, Capital Flows, and Sectoral Growth in Nigeria: A Comparative Analysis of Agriculture and Manufacturing

  Anthony Orji, Jovita Nneka Uwakwe, Onyinye Imelda Anthony-Orji, Jonathan Emenike Ogbuabor, Juliana Ngozi Obiorah

  2025-09-23 https://doi.org/10.36923/ie-frontiers.v28i2.404

  The nexus between the agricultural sector, manufacturing sector, and FDI has been a topic of debate over the years. While the fundamental role of FDI in the growth of the overall economy has been widely recognized, findings of existing literature have remained unclear and inconclusive on how the impact of FDI varies across these distinct sectors, especially within the context of developing countries like Nigeria. This study aims to provide a comprehensive comparative analysis of the impact of FDI and other capital inflows on Nigeria’s agricultural and manufacturing sectors between 1980 and 2021. Using annual time-series data from the World Bank’s World Development Indicators (WDI) and the Central Bank of Nigeria (CBN), the study employs the Autoregressive Distributed Lag (ARDL) modelling approach. Four sector-specific ARDL models were specified, each subjected to extensive diagnostic and robustness checks to ensure the reliability of the estimates. The findings reveal a contrasting effect: while FDI exerts no statistically significant influence on manufacturing output, it has a strong and transformative impact on agricultural performance. In addition, other capital inflows, including official development assistance, development finance, and remittances, were found to significantly influence both sectors. The study concludes that FDI is not a universal driver of growth, and its effectiveness depends on sectoral characteristics, investment type, and policy environment. It contributes to the literature by offering one of the first sector-specific comparative analyses of capital flows in Nigeria, providing evidence to guide policies aimed at shifting the economy from consumption-driven patterns toward sustainable, production-oriented growth.

  pp. 1-13 Abstract views:844 Downloads:897