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Impact of Remittances on Poverty in Developing Countries

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  • Rashmi Banga
  • Pritish Kumar Sahu

Abstract

Remittances are increasingly becoming an important source of external financing for the developing countries. For some of the developing countries, it forms almost 40-50% of their GDP. Though there is a growing literature on the impact of remittances on development, very few studies have empirically estimated the impact of remittances on poverty in the developing countries. This study undertakes impact analysis of remittances on poverty in developing countries at two levels. Firstly, it estimates the impact of remittances on poverty in 77 developing countries; Secondly, separate analyses are undertaken for 29 developing countries and 21 Asian developing counties, which have 5% or more share of remittances in GDP. The results of the study consistently show that remittances significantly reduce poverty in recipient countries but the results are more reliable for countries with remittances greater than 5% of GDP.

Suggested Citation

  • Rashmi Banga & Pritish Kumar Sahu, 2010. "Impact of Remittances on Poverty in Developing Countries," Working Papers id:3100, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:3100
    Note: Conference Papers
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    References listed on IDEAS

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    1. Dean Yang, 2004. "International Migration, Human Capital, and Entrepreneurship: Evidence from Philippine Migrants’ Exchange Rate Shocks," Working Papers 531, Research Seminar in International Economics, University of Michigan.
    2. Ralph Chami & Connel Fullenkamp & Samir Jahjah, 2005. "Are Immigrant Remittance Flows a Source of Capital for Development?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 55-81, April.
    3. Connel Fullenkamp & Thomas F. Cosimano & Michael T. Gapen & Ralph Chami & Peter J Montiel & Adolfo Barajas, 2008. "Macroeconomic Consequences of Remittances," IMF Occasional Papers 259, International Monetary Fund.
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    Cited by:

    1. Petreski, Marjan & Jovanovic, Branimir, 2013. "Do Remittances Reduce Poverty and Inequality in the Western Balkans? Evidence from Macedonia," MPRA Paper 51413, University Library of Munich, Germany.
    2. repec:eme:fegpzz:s1574-871520150000016006 is not listed on IDEAS
    3. Madhav Regmi & Krishna P. Paudel, 2016. "Impact of Remittance on Food Security in Bangladesh," Frontiers of Economics and Globalization,in: Food Security in a Food Abundant World, volume 16, pages 145-158 Emerald Publishing Ltd.
    4. repec:spr:ssefpa:v:9:y:2017:i:4:d:10.1007_s12571-017-0705-z is not listed on IDEAS

    More about this item

    Keywords

    Economics; Remittances and poverty; Impact of Remittances on Poverty; Remittances in Developing Countries; Remittances in Asian Developing Countries;

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