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

Gazi Hassan () and Shamim Shakur

Applied Economics Quarterly (formerly: Konjunkturpolitik), 2018, vol. 64, issue 2, 127-135

Abstract: This article estimates the externality effects of remittances in a sample of Asian countries. According to Romer (1986) externality generated by education sector can raise nationwide productivity. Because a significant portion of remittances income is invested on education, remittances stock can also generate such externalities. Using a Romer type production function and with the aid of panel cointegration technique applied to the data, we find evidence in favour of a highly significant externality effects of remittances, although these estimates are small in magnitude.

Keywords: Remittances; Externality Effects; Endogenous Growth; Panel Cointegration, group-mean panel dynamic OLS (search for similar items in EconPapers)
Date: 2018
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Working Paper: Are there Significant Externality Effects of Remittances in Asian Economic Growth? (2015)
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