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.
Original language | English |
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Pages (from-to) | 701-709 |
Number of pages | 9 |
Journal | Economic Modelling |
Volume | 28 |
Issue number | 45323 |
DOIs | |
Publication status | Published - 2011 |