Fiche du document
10 décembre 2018
- handle: 10670/1.iuk41h
- hal: hal-02107277
- doi: 10.1080/09638199.2019.1568522
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1080/09638199.2019.1568522
Mots-clés
Remittances economic growth non-linearity PSTR GMMSujets proches
Economic growth Growth, Economic Development, EconomicCiter ce document
Jude Eggoh et al., « Do remittances spur economic growth? Evidence from developing countries », HAL-SHS : économie et finance, ID : 10.1080/09638199.2019.1568522
Métriques
Partage / Export
Résumé
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.