Impact of remittances on economic growth and poverty reduction amongst CIS countries

Mubinzhon Abduvaliev and Ricardo Bustillo

Post-Communist Economies, 2020, vol. 32, issue 4, 525-546

Abstract: The main goal of this paper is to assess the effect of remittances on economic growth and poverty reduction amongst the post-Soviet states, compared with other external sources of capital, such as foreign aid and foreign direct investment. In this paper we use a panel data set on economic growth and poverty estimates (poverty headcount, poverty gap and poverty severity) in 10 selected former post-Soviet republics i.e. Commonwealth of Independent States (CIS). We found that, on average, a 1% increase in remittance flows provokes around a 0.25% rise in per capita GDP and a 2% decline in poverty severity. Remittances seem to have produced a significant reduction on poverty through increasing income and smoothing consumption levels.

Date: 2020
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DOI: 10.1080/14631377.2019.1678094

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