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Las remesas en América Latina, ¿amenaza u oportunidad?
[Remittances in Latin America, a threat or an opportunity?]

Author

Listed:
  • Martin-Mayoral, Fernando
  • Proaño, Maria Belén

Abstract

The purpose of this paper is to analyze the effect of remittances on Latin America`s economic growth thorough 1976-2007 controlling the potential endogeneity of the regressors through system GMM estimators for dynamic data panel model. The main conclusion is that remittances had a negative and significant effect on the region, although with low magnitude. The countries most negatively affected by remittances were Mexico, Haiti, Costa Rica and Nicaragua, while Panama, the country that led the inflow of remittances to the 1980's, was the only country with a positive impact.

Suggested Citation

  • Martin-Mayoral, Fernando & Proaño, Maria Belén, 2012. "Las remesas en América Latina, ¿amenaza u oportunidad? [Remittances in Latin America, a threat or an opportunity?]," MPRA Paper 43730, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:43730
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    References listed on IDEAS

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    More about this item

    Keywords

    remittances; economic growth; Latin America; GMM system;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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