Global Advanced Research Journal of Management and Business Studies (GARJMBS) ISSN: 2315-5086 December 2013 Vol. 2(12), pp 581-590

Copyright © 2013 Global Advanced Research Journals   

 

Original Research Articles

Comparative Study of the different external sources of financing for development ‘combinations: Empirical Validation

Manelle Lahdhiri1, Asma Sghaier2,  Nizar El Ouni3

1Faculty of economics and Management of Sousse, Research Unit: Tourism and development Sousse

2Member in Research Unit:  the LEAD (University of the South Toulon - Var)

3Faculty of economics and Management of Sfax Research Unit: Corporate Finance and FinancialTheory [COFFIT]

Corresponding author Email: lahdhirimanelle@gmail.com

Accepted 28 October 2013

Abstract

Face to the difficulty of achieving the Millennium Development Goals (MDGs) due to lack of sufficient funding and the dramatic drop of the Official development assistance (ODA), one wonders about how to overcome this decline through the exploitation of other international financing resources for development. One of the ways is, for example, the use of financial transfers from emigrants (remittances) and foreign direct investment (FDI). Building on this new basis of international development finance and given the trend decline in ODA, we seek in this work to test the mixing effectiveness of the external financing resources on economic growth in developing countries.

Keywords: Economic growth, official development assistance; remittances, foreign direct investment, developing countries.

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