What Have Remittances Done to Development? Evidence from the Caribbean Community and Common Market

Review of Black Political Economy, Vol. 43, No. 3, pp. 343-361, 2016

Posted: 25 Oct 2018

See all articles by Sokchea Lim

Sokchea Lim

John Carroll University

Walter O. Simmons

John Carroll University - Boler School of Business

Date Written: December 2016

Abstract

This paper analyzes the long-run impact of remittances on socio-economic development in the Caribbean Community and Common Market (CARICOM) between 1970 and 2013. We find that remittances have improved the health indicators, reducing infant and child mortality, and food deficit and improving life expectancy, and sanitation and water sources, especially in the rural areas. However, remittance inflows have no significant impact on education and communication infrastructure. Neither do they contribute to any demographic changes.

Keywords: CARICOM, Remittances, Social Development, Health, Education,Communication Infrastructure, Demographic Changes

Suggested Citation

Lim, Sokchea and Simmons, Walter O., What Have Remittances Done to Development? Evidence from the Caribbean Community and Common Market (December 2016). Review of Black Political Economy, Vol. 43, No. 3, pp. 343-361, 2016, Available at SSRN: https://ssrn.com/abstract=3258921

Sokchea Lim (Contact Author)

John Carroll University ( email )

1 John Carroll BLVD
University Heights, OH 44118
United States

Walter O. Simmons

John Carroll University - Boler School of Business ( email )

Dept. of Economics & Finance
University Heights, OH 44118-4581
United States
212-397-4659 (Phone)
212-397-1728 (Fax)

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