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Impact of trade openness, remittances, capital inflows & financial development on income in Vanuatu

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  • Kumar, Ronald R.

Abstract

In this study, using bounds approach and annual data for the period 1981-2008, the short and long-run effects of remittances and trade openness on income in Vanuatu are estimated. The results show trade openness and remittances having positive and significant effects, with no significant effects from financial development (FIN), foreign direct investment (FDI), and official development aid (ODA). FDI and ODA in this sense behave somewhat differently than remittances. Therefore a greater liberalization of goods and services market in general and short-term temporary movements of people in particular to boost remittances inflows and improving the overall institutional infrastructure is put forward as priority policy measures.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33221.

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Date of creation: 30 Dec 2010
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Handle: RePEc:pra:mprapa:33221

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Keywords: Remittances; trade; economic growth; FDI; financial sector development; ODA; bounds test; Vanuatu;

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  1. T.K. Jayaraman & Chee-Keong Choong & Ronald Ravinesh Kumar, 2012. "Role of remittances in India's economic growth," Global Business and Economics Review, Inderscience Enterprises Ltd, Inderscience Enterprises Ltd, vol. 14(3), pages 159-177.
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