Remittances, growth and poverty: New evidence from Asian countries

Katsushi Imai, Raghav Gaiha, Abdilahi Ali and Nidhi Kaicker

Journal of Policy Modeling, 2014, vol. 36, issue 3, 524-538

Abstract: The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 Asia and Pacific countries. The results generally confirm that remittance flows have been beneficial to economic growth. However, our analysis also shows that the volatility of capital inflows such as remittances and FDI is harmful to economic growth. This means that, while remittances contribute to better economic performance, they are also a source of output shocks. Finally, remittances contribute to poverty reduction – especially through their direct effects. Migration and remittances are thus potentially a valuable complement to broad-based development efforts.

Keywords: Remittances; Economic growth; Volatility; Poverty; Asia (search for similar items in EconPapers)
JEL-codes: C23 F24 I32 O15 O47 O53 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (96)

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Related works:
Working Paper: Remittances, Growth and Poverty: New Evidence from Asian Countries (2013)
Working Paper: Remittances, Growth and Poverty: New Evidence from Asian Countries (2011)
Working Paper: Remittances, Growth and Poverty: New Evidence from Asian Countries (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:36:y:2014:i:3:p:524-538

DOI: 10.1016/j.jpolmod.2014.01.009

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