“…In light of this, many studies have investigated the impact of remittances on key macroeconomic variables such as: economic growth, investment, education, poverty, household consumption and education expenditures. Examples include but are not limited to Adams and Page (2005), Acosta et al (2008), Giuliano and Ruiz-Arranz (2009), Anyanwu and Erhijakpor (2010), Adams and Cuecuecha (2010, 2013), Nyamongo et al (2012), Imai et al (2014), Salahuddin and Gow (2015), Nwaogu and Ryan (2015), Kratou and Gazdar (2016), Karki Nepal (2016), Démurger and Wang (2016), Mahapatro et al (2017), Masron and Subramaniam (2018), Eggoh, et al (2019), Askarov and Doucouliagos (2020), and Cao and Kang (2020). These studies show that remittances boost economic growth and domestic investment, contribute to poverty alleviation, reduce income disparity, and increase household education and consumption expenditures.…”