Impact of remittances on economic growth in developing countries: The role of openness

Journal article


Ghosh Dastidar, Sayantan 2017. Impact of remittances on economic growth in developing countries: The role of openness. Global Economy Journal. https://doi.org/10.1515/gej-2016-0066
AuthorsGhosh Dastidar, Sayantan
Abstract

The paper examines the empirical relationship between remittances and economic growth for a sample of 62 developing countries over the time period 1990–2014. Remittances seem to promote growth only in the ‘more open’ countries. That is because remittances are in themselves not sufficient for growth. The extent of the benefit depends on domestic institutions and macroeconomic environment in the receiving country. Unlike the ‘less open’ countries, ‘more open’ countries have better institutions and better financial markets to take advantage of the remittances income and channelise them into profitable investments which, in turn, accelerates the rate of economic growth in these countries.

KeywordsRemittances; Economic growth; Openness; Developing countries
Year2017
JournalGlobal Economy Journal
PublisherDe Gruyter
ISSN15535304
Digital Object Identifier (DOI)https://doi.org/10.1515/gej-2016-0066
Web address (URL)http://hdl.handle.net/10545/621795
hdl:10545/621795
Publication dates28 Mar 2017
Publication process dates
Deposited01 Aug 2017, 13:34
ContributorsUniversity of Derby
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