Do remittances spur economic growth? Evidence from developing countries

Eggoh, Jude; Bangake, Chrysost; Semedo, Gervasio

Document type :

Article dans une revue scientifique: Article original

DOI :

10.1080/09638199.2019.1568522

Title :

Do remittances spur economic growth? Evidence from developing countries

Author(s) :

Eggoh, Jude [Auteur]
Laboratoire d'économie d'Orleans [2008-2011] [LEO]
Bangake, Chrysost [Auteur]

Lille économie management - UMR 9221 [LEM]
Laboratoire d'économie d'Orleans [2008-2011] [LEO]
Semedo, Gervasio [Auteur]
Université de Tours [UT]

Journal title :

Journal of International Trade and Economic Development

Pages :

391-418

Publisher :

Taylor & Francis (Routledge)

Publication date :

2018-12-10

ISSN :

0963-8199

English keyword(s) :

Remittances
economic growth
non-linearity
PSTR
GMM

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

This paper provides original econometric evidence on whether international remittance transfers spur economic growth based on data for a sample of 49 developing countries during the period 2001-2013. Using Panel Smooth ...
Show more >This paper provides original econometric evidence on whether international remittance transfers spur economic growth based on data for a sample of 49 developing countries during the period 2001-2013. Using Panel Smooth Transition Regression (PSTR), difference and system generalized methods of moment models, we find two main results. First, remittances have a positive and significant impact on economic growth in developing countries, while aid and foreign direct investments have insignificant impact. Secondly, as far as the nonlinear relationship is concerned, we find two extreme regimes with a sharp shift characterizing the remittance–growth relationship, with respect to conditional variables, where the remittances effects are positive and significant under the first regime and negative or insignificant under the second. Our findings suggest that the nonlinear relationship between remittances and growth mainly depends on financial development and investment, and less on remittance level and consumption.Show less >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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