Workers' Remittances, Capital Inflows, and Economic Growth in Developing Asia and the Pacific

Autor:	Archanun Kohpaiboon, Juthathip Jongwanich
Rok vydání:	2019
Předmět:	Domestic investment 050204 development studies 05 social sciences Geography Planning and Development Developing country Foreign direct investment International economics Development Financial development Capital outflow Capital (economics) 0502 economics and business Openness to experience Economics 050207 economics
Zdroj:	Asian Economic Journal. 33:39-65
ISSN:	1467-8381 1351-3958
DOI:	10.1111/asej.12167
Popis:	This paper examines the impact of remittances on economic growth, using developing countries in Asia and the Pacific as a case study. Using data for the period 1993–2013, our results show that remittances only generate negative and significant impacts on economic growth if they reach 10 percent of GDP or higher. A remittances‐to‐GDP ratio of below 10 percent could still impact growth negatively, but the effect is statistically insignificant. The present study finds some degree of substitutability between remittances and financial development. Foreign direct investment (FDI), but not other types of capital inflow, contributes significantly to economic growth. Other traditional growth engines, including education, trade openness, and domestic investment, are crucial in promoting growth in developing Asian and Pacific nations.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::96125be81d9ef6e61b92450e191e4979 https://doi.org/10.1111/asej.12167 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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