Do International Flows Increase Enrollment Rates?

Arusha Cooray

    Research output: Contribution to journalArticle


    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. Copyright
    Original languageEnglish
    Pages (from-to)1051-1072
    JournalMacroeconomic Dynamics
    Issue number4
    Publication statusPublished - 2016


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