Are there Significant Externality Effects of Remittances in Asian Economic Growth?

Gazi Hassan () and Shamim Shakur ()
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Shamim Shakur: Massey University

Working Papers in Economics from University of Waikato

Abstract: This paper estimates the externality effects of remittances for selected Asian countries. According to Romer (1986), externality generated by the education sector can raise nationwide productivity. Because a portion of remittances income is invested on education, remittances stock can also generate such externalities. Using a Romer-type production function and panel cointegration, we find that the externality effects of remittances are small but highly significant.

Keywords: remittances; externality effects; endogenous growth; panel cointegration; group-mean panel dynamic OLS (search for similar items in EconPapers)
JEL-codes: F22 O10 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2015-04-24
New Economics Papers: this item is included in nep-gro
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https://repec.its.waikato.ac.nz/wai/econwp/1504.pdf (application/pdf)

Related works:
Journal Article: Are There Significant Externality Effects of Remittances in Asian Economic Growth? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:wai:econwp:15/04

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