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Macroeconomic significance of remittances in developing countries

Author

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  • Syden Mishi
  • Forget Mingiri Kapingura

Abstract

Globalisation has resulted in financialisation, which is the free flow of funds across borders. Because of the global financial crisis and the European debt crisis, there has been a decrease in the volume of external funds to developing countries. This has left remittances as one of the major sources of finance for growth in developing countries. The study investigated the macroeconomic effects of remittances in developing countries. Utilising panel study techniques, the study analysed yearly data of 22 countries covering the period, 1960-2010. Empirical evidence suggests that remittances diminish macroeconomic volatility mainly in receiving developing countries, presumably through smoothening aggregate consumption. The analysis further revealed that remittances do not have uniform macroeconomic effects from country to country or across time.

Suggested Citation

  • Syden Mishi & Forget Mingiri Kapingura, 2013. "Macroeconomic significance of remittances in developing countries," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 6(3), pages 238-253.
    • Handle: RePEc:ids:ijepee:v:6:y:2013:i:3:p:238-253
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    Citations

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    Cited by:

    1. Anupam Das & Murshed Chowdhury, 2019. "Macroeconomic impacts of remittances in Bangladesh: The role of reverse flows," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 48(3), November.
    2. Yuriy Bilan & Wadim Strielkowski, 2016. "Migration in post-transition economies: immigration surplus in Visegrad group countries," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 9(2), pages 182-196.
    3. Syden Mishi, 2014. "Remittances and Sustainability of Family Livelihoods: Evidence from Zimbabwe," Journal of Economics and Behavioral Studies, AMH International, vol. 6(12), pages 958-973.

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