DO REMITTANCES MITIGATE POVERTY? AN EMPIRICAL EVIDENCE FROM 15 SELECTED ASIAN ECONOMIES

Xiang Cui, Muhammad Umair (), Ganijon Ibragimove Gayratovich () and Azer Dilanchiev
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Xiang Cui: School of Marxism, Dalian Maritime University, Dalian 116026, Liaoning, P. R. China
Muhammad Umair: ��Department of Economics, University of Lakki Marwat, Pakistan
Ganijon Ibragimove Gayratovich: ��Faculty of Corporate Governance, Tashkent State University of Economics, Uzbekistan

The Singapore Economic Review (SER), 2023, vol. 68, issue 04, 1447-1468

Abstract: This paper examines the impact of remittances on poverty alleviation in 15 selected Asian economies. Remittances have been identified as a potential source of income for households in developing countries and a means of reducing poverty. Using panel data from 2000 to 2020, we estimate the effect of remittances on poverty levels in these economies, controlling for other relevant factors such as GDP per capita, inflation rate and population growth. Our results suggest that remittances have a significant and negative impact on poverty levels in these economies, indicating that remittances play a crucial role in poverty reduction. The findings also reveal that the effect of remittances on poverty reduction varies across economies, with some economies experiencing a stronger poverty-reducing effect than others. The findings highlight the potential benefits of policies aimed at facilitating the flow of remittances and ensuring their effective use in reducing poverty in developing countries.

Keywords: Poverty; remittances; economic growth; panel data: Asian countries (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (94)

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DOI: 10.1142/S0217590823440034

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