A panel data analysis of the growth effects of remittances

B. Bhaskara Rao, Gazi Mainul Hassan

    Research output: Contribution to journalArticlepeer-review

    96 Citations (Scopus)

    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 languageEnglish
    Pages (from-to)701-709
    Number of pages9
    JournalEconomic Modelling
    Volume28
    Issue number45323
    DOIs
    Publication statusPublished - 2011

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