Do Remittances Impact the Economy? Some Empirical Evidences from A Developing Economy
AbstractThe study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment) and its implications on economic growth in India for the period from 1966-67 to 2003-04. Estimating a general consumption model, the results indicate that remittances along with debt, money supply (net of bank demand deposits) and income, consistently have a positive influence on private consumption. [WP no. 407].
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income; emigrant workers; economy; debt; money supply; bank; demand deposits; bank; bank demand deposits; Remittances; consumption; Investment; Growth; Interest Rates; Government Borrowings; Openness of the economy; macroeconomic activities; consumption; investment; private consumption;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-11 (All new papers)
- NEP-CWA-2009-09-11 (Central & Western Asia)
- NEP-DEV-2009-09-11 (Development)
- NEP-FDG-2009-09-11 (Financial Development & Growth)
- NEP-MAC-2009-09-11 (Macroeconomics)
- NEP-MIG-2009-09-11 (Economics of Human Migration)
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