An Empirical Investigation of the Impact of Foreign Remittances on Poverty in Developing Countries

Mohammad Imran Hossain ()

Economy, 2015, vol. 2, issue 2, 44-48

Abstract: Remittances sent to home countries by migrant workers became significant in amount. Such funds can have profound implications for economic development, human welfare and poverty reduction in a developing country context. This paper examines the impact of foreign remittances on poverty in selected developing countries. A set of time series data has been utilized to empirically check the relationship between remittances and poverty for a list of 44 developing countries worldwide. For the purpose of the study, the ‘Three Stage Least Squares’ (TSLS) regression technique has been applied. A separate analysis for a group of countries among the list which recorded a remittances to GDP ratio of 2% or more has been performed. The study finds that remittances have a significant negative impact on poverty in a developing country.

Keywords: Foreign remittances; Poverty; Developing countries; TSLS. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aoj:econom:v:2:y:2015:i:2:p:44-48:id:565

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