 Remittances: Dutch disease or export-led growth?No 57, OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford Abstract: The literature on remittances and growth has thus far established a positive link between remittances and overall economic growth in recipient countries. We identify the main transmission channel through which remittances seem to exert their growth-enhancing effects: the 'export led growth' channel, using a methodology that exploits both cross-country and within-country cross-industry variation, and correcting for the endogeneity of remittances by constructing a set of external instruments. We find that remittances are conducive to the relative growth of exporting industries within the manufacturing sector of recipient economies, contrary to what standard Dutch disease theory suggests. In doing so, we control for the potential complementarity effect between migrant networks and international trade. Keywords: Remittances; manufacturing; export-led growth; Dutch disease; migrant net-works (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oxf:oxcrwp:057 Access Statistics for this paper More papers in OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.