I wish to thank two anonymous referees and Amnon Levy for valuable suggestions.
The Impact of Migrant Remittances on Economic Growth: Evidence from South Asia
Article first published online: 19 OCT 2012
© 2012 Blackwell Publishing Ltd
Review of International Economics
Volume 20, Issue 5, pages 985–998, November 2012
How to Cite
Cooray, A. (2012), The Impact of Migrant Remittances on Economic Growth: Evidence from South Asia. Review of International Economics, 20: 985–998. doi: 10.1111/roie.12008
- Issue published online: 19 OCT 2012
- Article first published online: 19 OCT 2012
Incorporating migrant remittances among other variables into a growth model, and employing panel data over the 1970–2008 period, this study investigates the impact of migrant remittances on economic growth in South Asia. Migrant remittances are found to have a significant positive effect on economic growth. A significant positive interactive effect of remittances on economic growth is detected through education and financial sector development.