Growth effects of remittances in developing countries: A growth accounting approach

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2025-05-08 DOI:10.1016/j.ememar.2025.101303

Pablo A. Garcia-Fuentes , P. Lynn Kennedy , Gustavo F.C. Ferreira

引用次数: 0

Abstract

This paper examines the growth effects of remittances using a panel of 103 countries over the period 1990–2019. It uses growth accounting methods and addresses the endogeneity of remittances by introducing external instruments based on economic indicators of the remittance sending-countries. It finds a robust remittance positive effect on growth in remittance-receiving countries. For the average country, an increase of one percentage point in remittances as share of GDP (from 4.16% to 5.46%) increases growth by 0.16%. Additionally, estimations based on the models in Chami et al. (2005), Barajas et al. (2009), and Senbeta (2013) show that remittances promote growth.

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发展中国家汇款的增长效应：一种增长核算方法

本文利用1990年至2019年期间103个国家的面板研究了汇款的增长效应。它采用增长核算方法，并根据汇款国的经济指标采用外部工具来解决汇款的内生性问题。报告发现，汇款对汇款接受国的经济增长具有强劲的积极影响。对一般国家而言，汇款占GDP的比例每增加一个百分点（从4.16%增加到5.46%），增长率就会提高0.16%。此外，基于Chami等人（2005）、Barajas等人（2009）和Senbeta（2013）模型的估计表明，汇款促进了经济增长。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.