The Effect of Remittances on Financial Development: Evidence from a Meta-Analysis

We investigate 833 reported estimates detailing the impact of external interventions aimed at alleviating civil war on conflict intensity. This investigation encompasses 34 studies conducted between 1996 and 2020, primarily focusing on African countries. While the average reported effect is both negative and statistically significant, our analysis reveals substantial divergence in the results. We apply meta-regression analysis to examine the sources of this heterogeneity. Our main findings are as follows. First, differences in data, intervention targets, conflict intensity measures, and the publication year of the primary studies account for the observed heterogeneity in reported estimates. Second, we find no evidence of publication selection bias that aligns with prior beliefs, theoretical expectations, or statistical significance. Third, after considering potential sources of heterogeneity and publication bias, the overall genuine effect of external intervention remains negative and statistically significant. This implies that external intervention efforts do mitigate conflict intensity, albeit with a small magnitude of the statistical significance coefficient. For policy purposes, external interventions are likely to have a modest effect.

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The Effect of Remittances on Financial Development: Evidence from a Meta-Analysis

Cited by 2 publications

References 61 publications

Do remittances cause Dutch Disease? A meta-analytic review

Do remittances cause Dutch Disease? A meta-analytic review

A Meta-Analysis of the Impact of External Interventions on Conflict Intensity: Navigating Heterogeneity and Unveiling Genuine Effects

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