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Remittances and Private Investment: Evidence in Asia and The Pacific Developing Countries

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  • , Le Thanh Tung

Abstract

Although remittances have increased rapidly in recent decades, however. most previous studies have been done using micro-level data but there is no article employed data at the macro-level in Asia-Pacific. Our paper tries to fill the empirecal gap related to the impact of remittances on private investment in recipient countries with the panel data of 30 Asia and the Pacific developing countries in the period of 1985 – 2014. The results confirmed that remittances lead to an increase in private investment in these countries but the quantitative analysis showed that this promoting impact is only a quite weak. Further more, our Granger causality test explored that there is only one-way causality from remittance to private investment existing in research period.

Suggested Citation

  • , Le Thanh Tung, 2015. "Remittances and Private Investment: Evidence in Asia and The Pacific Developing Countries," OSF Preprints a95ug, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:a95ug
    DOI: 10.31219/osf.io/a95ug
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