Remittances and economic growth in developing countries
This paper examines the effect of workers' remittances on economic growth in a sample of 39 developing countries using panel data from 1980-2004 resulting in 195 observations. A standard growth model is estimated using both fixed-effects and random-effects approaches. The empirical results show a significant overall fit based on the fixed-effects method as the random-effects model is rejected in statistical tests. Remittances have a positive impact on growth. Since official estimates of remittances used in our analysis tend to understate actual numbers considerably, more accurate data on remittances is likely to reveal an even more pronounced effect of remittances on growth.
Volume (Year): 20 (2008)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/FEDR20 |
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/FEDR20|
When requesting a correction, please mention this item's handle: RePEc:taf:eurjdr:v:20:y:2008:i:3:p:497-506. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.