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Do Remittances Mitigate Poverty? An Empirical Evidence From 15 Selected Asian Economies

Author

Listed:
  • XIANG CUI

    (School of Marxism, Dalian Maritime University, Dalian 116026, Liaoning, P. R. China)

  • MUHAMMAD UMAIR

    (��Department of Economics, University of Lakki Marwat, Pakistan)

  • GANIJON IBRAGIMOVE GAYRATOVICH

    (��Faculty of Corporate Governance, Tashkent State University of Economics, Uzbekistan)

  • AZER DILANCHIEV

    (�Department of Finance and Economics, International Black Sear University, Georgia)

Abstract

This paper examines the impact of remittances on poverty alleviation in 15 selected Asian economies. Remittances have been identified as a potential source of income for households in developing countries and a means of reducing poverty. Using panel data from 2000 to 2020, we estimate the effect of remittances on poverty levels in these economies, controlling for other relevant factors such as GDP per capita, inflation rate and population growth. Our results suggest that remittances have a significant and negative impact on poverty levels in these economies, indicating that remittances play a crucial role in poverty reduction. The findings also reveal that the effect of remittances on poverty reduction varies across economies, with some economies experiencing a stronger poverty-reducing effect than others. The findings highlight the potential benefits of policies aimed at facilitating the flow of remittances and ensuring their effective use in reducing poverty in developing countries.

Suggested Citation

  • Xiang Cui & Muhammad Umair & Ganijon Ibragimove Gayratovich & Azer Dilanchiev, 2023. "Do Remittances Mitigate Poverty? An Empirical Evidence From 15 Selected Asian Economies," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(04), pages 1447-1468, June.
    • Handle: RePEc:wsi:serxxx:v:68:y:2023:i:04:n:s0217590823440034
    DOI: 10.1142/S0217590823440034
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