Remittances, Institutions, and Economic Growth

Natalia Catrinescu, Miguel Leon-Ledesma, Matloob Piracha and Bryce Quillin

World Development, 2009, vol. 37, issue 1, 81-92

Abstract: Summary There is considerable debate regarding the relative contribution of international migrants' remittances to sustainable economic development. While officially recorded remittances to developing countries have increased over the last decade, research has not come to a consensus over whether remittances have a positive or negative impact on long-run growth. This paper argues that contradictory findings have emerged when looking at the remittances-growth link because of an omitted variable bias: specifically, remittances will be more likely to contribute to longer-term growth in countries with higher quality political and economic policies and institutions.

Keywords: international; migration; remittances; growth; institutions; growth; regressions (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (138)

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Working Paper: Remittances, Institutions and Economic Growth (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:37:y:2009:i:1:p:81-92

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