2003
DOI: 10.2139/ssrn.880292
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Are Immigrant Remittance Flows a Source of Capital for Development?

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Cited by 80 publications
(92 citation statements)
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“…Specifically, for the lagged values of DLREM and DLGFCF, t-statistic is greater than t-critical, indicating that remittances and gross fixed capital formation have an impact on economic growth. These findings are consistent with studies supporting that remittances can slowdown economic growth of the recipient country [ 62]; [63]; [64]; [65]. Also, it has been found that there is a positive relationship between DLGDP and DLGFCF, which is in line with economic theory.…”
Section: Vec Modelsupporting
confidence: 92%
“…Specifically, for the lagged values of DLREM and DLGFCF, t-statistic is greater than t-critical, indicating that remittances and gross fixed capital formation have an impact on economic growth. These findings are consistent with studies supporting that remittances can slowdown economic growth of the recipient country [ 62]; [63]; [64]; [65]. Also, it has been found that there is a positive relationship between DLGDP and DLGFCF, which is in line with economic theory.…”
Section: Vec Modelsupporting
confidence: 92%
“…The role of remittances on economic fundamentals such as poverty alleviation (Masron and Subramaniam, 2018), reduction of inequality (Azizi, 2021), financial development (Mehta et al, 2021), capital formation (Chami et al, 2005), employment (Amuedo- Dorantes and Pozo, 2006), financial openness (Miao and Qamruzzaman, 2021) and economic growth, household consumption (Samaratunge et al, 2020) among other. Another line of empirical studies focusing on financial inclusion impacts poverty and inequality (Park and Mercado, 2018).…”
Section: Financial Inclusion and Remittancesmentioning
confidence: 99%
“…The role of workers' remittances and its contribution/effect on economic growth and development find that workers' remittances are seldom utilized into productive and investment uses in the Philippines. There are strong anecdotal evidences that show that most of these resources are used to fund conspicuous consumption (Barajas et al (2009), Rajan and Subramaniam (2005), Chami et al (2003), and Ang (2007).…”
Section: Literature Reviewmentioning
confidence: 99%