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Do Remittances Impact the Economy? Some Empirical Evidences from A Developing Economy

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Hrushikesh Mallick
Abstract

The 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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Paper provided by esocialsciences.com in its series Working Papers with number id:2199.

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Date of creation: 2009
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Handle: RePEc:ess:wpaper:id:2199

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Keywords: 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;

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  13. Djajic, Slobodan, 1986. "International migration, remittances and welfare in a dependent economy," Journal of Development Economics, Elsevier, vol. 21(2), pages 229-234, May. [Downloadable!] (restricted)
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