Remittances, Institutions, and Economic Growth

• Tác giả: Natalia Catrinescu
• Ngôn ngữ: eng
• Ký hiệu phân loại: 306.3 Economic institutions
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 311442
• Chủ đề: 1. Formal and Informal Sectors; 2. Institutions: Design, Formation, and Operations D020; 3. International Migration F220; 4. Macroeconomic Analyses of Economic Development O110; 5. Remittances F240

Tóm tắt

There is considerable debate regarding the relative contribution of international migrants' remittances to sustainable economic development. While officially recorded remittances to developing countries have increased over the last decade, research has not come to a consensus over whether remittances have a positive or negative impact on long-run growth. This paper argues that contradictory findings have emerged when looking at the remittances-growth link because of an omitted variable bias: specifically, remittances will be more likely to contribute to longer-term growth in countries with higher quality political and economic policies and institutions.