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Remittances, Growth and Poverty: New Evidence from Asian Countries

  • Katsushi Imai
  • Raghav Gaiha
  • Abdilahi Ali
  • Nidhi Kaicker

The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 Asia and Pacific countries. The results generally confirm that remittance flows have been beneficial to economic growth. However, our analysis also shows that the volatility of capital inflows such as remittances and FDI is harmful to economic growth. This means that, while remittances contribute to better economic performance, they are also a source of output shocks. Finally, remittances contribute to poverty reduction – especially through their direct effects. Migration and remittances are thus potentially a valuable complement to broad-based development efforts.

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Paper provided by Economics, The University of Manchester in its series The School of Economics Discussion Paper Series with number 1125.

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Date of creation: 2011
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Handle: RePEc:man:sespap:1125
Contact details of provider: Postal: Manchester M13 9PL
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Web page: http://www.socialsciences.manchester.ac.uk/subjects/economics/

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