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Can Remittances Spur Economic Growth? Evidence from Selected Asian and South American Countries

Author

Listed:
  • Waseem Khadim

    (GC University, Lahore, Pakistan.)

  • Bilal Mehmood

    (GC University, Lahore, Pakistan.)

Abstract

Purpose: This study explores the impact of remittances on economic growth of nine Asian and three South American Countries. Methodology: The conventional neoclassical growth framework using panel data is applied. Findings: We find that remittances have a positive and significant effect on the growth of Asian and South American Countries, where the financial systems are less developed by providing an alternative way to finance investment and helping overcome liquidity constraints. Recommendations: Policy recommendations have been provided.

Suggested Citation

  • Waseem Khadim & Bilal Mehmood, 2016. "Can Remittances Spur Economic Growth? Evidence from Selected Asian and South American Countries," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 4(7), pages 342-347, July.
    • Handle: RePEc:ijr:journl:v:4:y:2016:i:7:p:342-347
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    More about this item

    Keywords

    Remittances; Economic Growth; Panel Data;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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