Remittances, Growth and Poverty: New Evidence from Asian Countries

Katsushi Imai, Raghav Gaiha, Abdilahi Ali and Nidhi Kaicker
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Raghav Gaiha: Faculty of Management Studies, University of Delhi, India
Nidhi Kaicker: Faculty of Management Studies, University of Delhi, India

No DP2013-18, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

Abstract: The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 Asia and Pacific countries. The results generally confirm that remittance flows have been beneficial to economic growth. However, our analysis also shows that the volatility of capital inflows such as remittances and FDI is harmful to economic growth. This means that, while remittances contribute to better economic performance, they are also a source of output shocks. Finally, remittances contribute to poverty reduction – especially through their direct effects. Migration and remittances are thus potentially a valuable complement to broad-based development efforts.

Keywords: Remittances; Economic growth; Volatility; Poverty; Asia (search for similar items in EconPapers)
JEL-codes: C23 F24 I32 O15 O47 O53 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2013-05
New Economics Papers: this item is included in nep-dev, nep-fdg and nep-sea
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Citations: View citations in EconPapers (1)

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https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2013-18.pdf First version, 2013 (application/pdf)

Related works:
Journal Article: Remittances, growth and poverty: New evidence from Asian countries (2014)
Working Paper: Remittances, Growth and Poverty: New Evidence from Asian Countries (2011)
Working Paper: Remittances, Growth and Poverty: New Evidence from Asian Countries (2011)
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