Migrant Remittances and Economic Growth: The Role of Financial Development and Institutional Quality

Imad El Hamma

Post-Print from HAL

Abstract: This paper investigates the conditional effects of remittances on economic growth in 14 Middle East and North Africa (MENA) countries. Using unbalanced panel data over the period 1982‐2016, we study the hypothesis that the effect of remittances on economic growth varies depending on the level of financial development and institutional environment in recipient countries. We use Two‐Stage Least Squares (2SLS/IV) instrumental variables method in which we address the endogeneity of remittances. Our results reveal a complementary relationship between financial development and remittances to ensure economic growth. The estimations show that remittances promote growth in countries with a developed financial system and a strong institutional environment.

Keywords: financial development; institutions quality; Remittances; economic growth (search for similar items in EconPapers)
Date: 2019-01-10
New Economics Papers: this item is included in nep-ara, nep-fdg and nep-gro
Note: View the original document on HAL open archive server: https://hal.science/hal-01948169v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Economie et Statistique / Economics and Statistics, 2019, 503‐504, pp.123-142. ⟨10.24187/ecostat.2018.503d.1961⟩

Downloads: (external link)
https://hal.science/hal-01948169v1/document (application/pdf)

Related works:
Journal Article: Migrant Remittances and Economic Growth: The Role of Financial Development and Institutional Quality (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01948169

DOI: 10.24187/ecostat.2018.503d.1961

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().