The impact of migrant remittances on economic growth: evidence from South Asia

Authors

Arusha V. Cooray, University of WollongongFollow

RIS ID

70414

Publication Details

Cooray, A. V. (2012). The impact of migrant remittances on economic growth: evidence from South Asia. Review of International Economics, 20 (5), 985-998.

Abstract

Incorporating migrant remittances among other variables into a growth model, and employing panel data over the 1970-2008 period, this study investigates the impact of migrant remittances on economic growth in South Asia. Migrant remittances are found to have a significant positive effect on economic growth. A significant positive interactive effect of remittances on economic growth is detected through education and financial sector development.