Impact of Remittances on Economic Growth in Developing Countries: The Role of Openness

Sayantan Ghosh Dastidar

Global Economy Journal (GEJ), 2017, vol. 17, issue 2, 1-12

Abstract: The paper examines the empirical relationship between remittances and economic growth for a sample of 62 developing countries over the time period 1990–2014. Remittances seem to promote growth only in the ‘more open’ countries. That is because remittances are in themselves not sufficient for growth. The extent of the benefit depends on domestic institutions and macroeconomic environment in the receiving country. Unlike the ‘less open’ countries, ‘more open’ countries have better institutions and better financial markets to take advantage of the remittances income and channelise them into profitable investments which, in turn, accelerates the rate of economic growth in these countries.

Keywords: remittances; economic growth; openness; developing countries; panel data (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/GEJ-2016-0066
Access to full text is restricted to subscribers

Related works:
Journal Article: Impact of Remittances on Economic Growth in Developing Countries: The Role of Openness (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:gejxxx:v:17:y:2017:i:02:n:gej-2016-0066

Ordering information: This journal article can be ordered from

DOI: 10.1142/GEJ-2016-0066

Access Statistics for this article

Global Economy Journal (GEJ) is currently edited by Joseph Pelzman

More articles in Global Economy Journal (GEJ) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().