Migration and Remittances for Development in Asia

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doi:10.22617/tcs189320

Cited by 30 publications

(1 citation statement)

References 34 publications

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“…Remittances are the sum of the receipts of three aggregates: Workers' remittances, compensation of employees, and migrants' transfers (Sobiech, 2019;World Bank, 2016).…”

Section: Remittancesmentioning

confidence: 99%

Interactive Effects of Remittances and Financial Sector Development on Economic Growth in Nigeria

Olaniyan¹

2019

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A well-developed and efficient financial sector together with remittances can serve as a transmission mechanism to ensure well-rounded economic growth because extant literature shows that remittances alone may not be sufficient to promote the desirable level of economic growth. Therefore, this study investigated the interactive effects of remittances and financial sector development on economic growth in Nigeria for the period 1977-2017. The data for this study was obtained from the World Bank’s World Development Indicator (WDI) Database. The data were analysed using the Instrumental Variable Generalised Method of Moments (IV-GMM) estimator. The findings of this study showed that remittances alone had a negatively significant effect on economic growth at 1% significance level but when interacted with financial sector development, they enhance economic growth as revealed by the positive coefficient of the interactive term which is also significant at 1% level. The study concluded that Nigeria’s economy profits from migrants’ remittances in terms of economic growth through the existence of a developed financial sector. This study recommended among other things that the interaction of remittances and financial sector development should be used as an avenue to encourage more savings from remittances by lowering transaction costs and increasing payment of deposits’ interest on remitted funds. Besides, bank financial institutions should find a better match for these savings (in terms of investment opportunities) in order to neutralise the negative effects of remittances on economic growth caused by recipients’ consumption smoothing drive.

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“…Remittances are the sum of the receipts of three aggregates: Workers' remittances, compensation of employees, and migrants' transfers (Sobiech, 2019;World Bank, 2016).…”

Section: Remittancesmentioning

confidence: 99%

Interactive Effects of Remittances and Financial Sector Development on Economic Growth in Nigeria

Olaniyan¹

2019

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Remittances and Asset Accumulation in Bangladesh: A Study Using Generalised Propensity Score

Chowdhury

Radičić

2019

J of Intl Development

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Drawing on a sample of households in Bangladesh, we utilise the generalised propensity score method to investigate the impact of internal and international remittances on households' net assets. The analysis suggests an inverted U-shaped relationship between the amount of internal remittances and the net assets of households. The effect of international remittances on net assets is similarly inverted U-shaped. The paper also indicates not only the source but also the size of remittances effects of the utilisation of remittances for asset accumulation.Countries marked by bold and italics are Asian countries. Source: Data from World Bank (2018). M. Chowdhury and D. RadicicThe GPS method has close association with the PSM technique developed by Rosenbaum and Rubin (1983). The general idea of PSM is that in field data or observational studies, 478 M. Chowdhury and D. Radicic

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The IOM in Building and Supporting Migration Management in China

Zhang

Geiger

2020

The International Organization for Migration

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Migration and Remittances for Development in Asia

Cited by 30 publications

References 34 publications

Interactive Effects of Remittances and Financial Sector Development on Economic Growth in Nigeria

Interactive Effects of Remittances and Financial Sector Development on Economic Growth in Nigeria

Remittances and Asset Accumulation in Bangladesh: A Study Using Generalised Propensity Score

The IOM in Building and Supporting Migration Management in China

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