A panel data analysis of the growth effects of remittances

B. Rao and Gazi Hassan ()

Economic Modelling, 2011, vol. 28, issue 1, 701-709

Abstract: Many development economists believe that remittances by the migrant workers are an important source of funds for long run growth. Therefore, recent studies have investigated the growth effects remittances in the recipient countries but reached different conclusions. This paper analyses the strength of these effects with a common data set with alternative specifications and estimation methods. Our results show that the direct growth effects of remittances are insignificant. However, remittances may have small indirect growth effects.

Keywords: Remittances; Growth; Panel data; System GMM (search for similar items in EconPapers)
JEL-codes: F22 F43 O16 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (82)

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Related works:
Journal Article: A panel data analysis of the growth effects of remittances (2011)
Working Paper: A panel data analysis of the growth effects of remittances (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:28:y:2011:i:1:p:701-709

DOI: 10.1016/j.econmod.2010.05.011

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