Remittances, growth and poverty: NEW evidence from Asian countries

Katsushi S. Imai, Raghav Gaiha, Abdilahi Ali, Nidhi Kaicker

Research output: Contribution to journalArticlepeer-review

Abstract

The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 Asia and Pacific countries. The results generally confirm that remittance flows have been beneficial to economic growth. However, our analysis also shows that the volatility of capital inflows such as remittances and FDI is harmful to economic growth. This means that, while remittances contribute to better economic performance, they are also a source of output shocks. Finally, remittances contribute to poverty reduction - especially through their direct effects. Migration and remittances are thus potentially a valuable complement to broad-based development efforts. © 2014.
Original languageEnglish
Pages (from-to)524-538
Number of pages14
JournalJournal of Policy Modeling
Volume36
Issue number3
DOIs
Publication statusPublished - 2014

Keywords

  • Asia
  • Economic growth
  • Poverty
  • Remittances
  • Volatility

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