How is remittance related to prices and output? New evidence from Fiji’s data

Paresh Kumar Narayan, Seema Narayan, Biman Prasad and Savaira Manoa

Journal of Asian Economics, 2025, vol. 98, issue C

Abstract: This article uses a dynamic macroeconomic model to analyze how remittances affect Fijian prices and output. We find that remittance growth enhances price factor growth and decreases inflation using time-series data. Remittance increase also hurts output factor growth, which has major economic effects. Due to Fiji's particular reliance on remittances, single-country analysis is needed to explain macroeconomic dynamics. We integrate remittances into a business cycle framework and simulate their effects on prices and output to add to the research and inform fiscal and monetary policy in remittance-dependent nations.

Keywords: Remittance; Output; Price; Fiji (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:98:y:2025:i:c:s1049007825000302

DOI: 10.1016/j.asieco.2025.101906

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