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

  • Hrushikesh Mallick


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    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 in its series Working Papers with number id:2199.

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    Date of creation: Sep 2009
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    Handle: RePEc:ess:wpaper:id:2199
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    12. Joshua Greene & Delano Villanueva, 1991. "Private Investment in Developing Countries: An Empirical Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 38(1), pages 33-58, March.
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    14. Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-18, October.
    15. Alexei Kireyev, 2006. "The Macroeconomics of Remittances: The Case of Tajikistan," IMF Working Papers 06/2, International Monetary Fund.
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