| Autor: |
Abdalla Sirag, Hayot Berk Saydaliev, Lee Chin |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
Economics, Law, and Institutions in Asia Pacific ISBN: 9789811611063 |
| DOI: |
10.1007/978-981-16-1107-0_5 |
| Popis: |
This study investigated the role of remittances in inclusive growth and poverty reduction in Asian low- and middle-income economies between 1995 and 2019. The results of the dynamic panel threshold estimator and system generalized method of moments (GMM) revealed that remittances increase inclusive growth and reduce poverty in most countries studied, but show mixed effects in the short run. The results also suggest that workers’ remittances tend to lower poverty rates in Asian low- and middle-income countries in the early stages of economic development but increases poverty when remittances go beyond the threshold of 8% of GDP. In that phase, foreign direct investment (FDI) replaces remittances as the source of development. To this end, our empirical paper sheds light on the channels through which remittances foster inclusive growth and alleviate poverty. This suggests that policies focusing on attracting remittance inflows should enhance the FDI absorbing environment, which is crucial in taking advantage of remittances for future developmental agendas. Policy recommendations are provided at the end of the chapter. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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