The Impact of Migrant Remittances on Economic Growth: Evidence from South Asia

14 Pages Posted: 20 Oct 2012

Date Written: November 2012

Abstract

Incorporating migrant remittances among other variables into a growth model, and employing panel data over the 1970–2008 period, this study investigates the impact of migrant remittances on economic growth in South Asia. Migrant remittances are found to have a significant positive effect on economic growth. A significant positive interactive effect of remittances on economic growth is detected through education and financial sector development.

Suggested Citation

Cooray, Arusha V., The Impact of Migrant Remittances on Economic Growth: Evidence from South Asia (November 2012). Review of International Economics, Vol. 20, Issue 5, pp. 985-998, 2012. Available at SSRN: https://ssrn.com/abstract=2164580 or http://dx.doi.org/10.1111/roie.12008

Arusha V. Cooray (Contact Author)

Embassy of Sri Lanka, Oslo ( email )

Norway

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