Impact of remittances on economic growth in developing countries: The role of openness
AuthorsGhosh Dastidar, Sayantan
AffiliationUniversity of Derby
MetadataShow full item record
AbstractThe paper examines the empirical relationship between remittances and economic growth for a sample of 62 developing countries over the time period 1990–2014. Remittances seem to promote growth only in the ‘more open’ countries. That is because remittances are in themselves not sufficient for growth. The extent of the benefit depends on domestic institutions and macroeconomic environment in the receiving country. Unlike the ‘less open’ countries, ‘more open’ countries have better institutions and better financial markets to take advantage of the remittances income and channelise them into profitable investments which, in turn, accelerates the rate of economic growth in these countries.
CitationGhosh Dastidar, S. (2017). "Impact of Remittances on Economic Growth in Developing Countries: The Role of Openness", Global Economy Journal, 17 (2) pp. 33-44
JournalGlobal Economy Journal