Impact of Remittances on Poverty in Developing Countries

Rashmi Banga () and Pritish Sahu ()

Working Papers from eSocialSciences

Abstract: Remittances are increasingly becoming an important source of external financing for the developing countries. For some of the developing countries, it forms almost 40-50% of their GDP. Though there is a growing literature on the impact of remittances on development, very few studies have empirically estimated the impact of remittances on poverty in the developing countries. This study undertakes impact analysis of remittances on poverty in developing countries at two levels. Firstly, it estimates the impact of remittances on poverty in 77 developing countries; Secondly, separate analyses are undertaken for 29 developing countries and 21 Asian developing counties, which have 5% or more share of remittances in GDP. The results of the study consistently show that remittances significantly reduce poverty in recipient countries but the results are more reliable for countries with remittances greater than 5% of GDP.

Keywords: Economics, Remittances and poverty; Impact of Remittances on Poverty; Remittances in Developing Countries; Remittances in Asian Developing Countries (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-dev and nep-mig
Note: Conference Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Working Paper: Impact of Remittances on Poverty in Developing Countries (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ess:wpaper:id:3100

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