The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.
Remittances, financial development, and growth
Abstract
Despite the increasing importance of remittances in total international capital flows, the relationship between remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in particular how local financial sector development influences a country's capacity to take advantage of remittances. Using a newly-constructed dataset for remittances covering about 100 developing countries, we find that remittances boost growth in countries with less developed financial systems by providing an alternative way to finance investment and helping overcome liquidity constraints. This finding controls for the endogeneity of remittances and financial development, does not depend on the particular measure of financial sector development used, and is robust to a number of robustness tests, including threshold estimation. We also provide evidence that there could be an investment channel trough which remittances can promote growth especially when the financial sector does not meet the credit needs of the population.
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Cites
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Cited by
Do remittances promote financial development?
Aggarwal, R., Demirgüç-Kunt, A., & Pería, M. S. M. (2011) · Journal of Development Economics · doi:10.1016/j.jdeveco.2010.10.005 · Cited by 687
Remittances and economic growth: A meta-analysis
Cazachevici, A., Havranek, T., & Horvath, R. (2020) · World Development · doi:10.1016/j.worlddev.2020.105021 · Cited by 262
Botev, J., Égert, B., & Jawadi, F. (2019) · International Economics · doi:10.1016/j.inteco.2019.06.004 · Cited by 153
Terrorism and the macroeconomy: Evidence from Pakistan
Mehmood, S. (2014) · Defence and Peace Economics · doi:10.1080/10242694.2013.793529 · Cited by 68
Financial development and economic growth: global and African evidence
Murinde, V. (2012) · Journal of African Economies · doi:10.1093/jae/ejr042 · Cited by 65
Metadata
- Authors
- Giuliano, P., & Ruiz-Arranz, M.
- Venue
- Journal of Development Economics
- Publisher
- Elsevier BV
- Published
- 2009-09
- Volume
- 90
- Issue
- 1
- Pages
- 144-152
- ISSN
- 0304-3878 (ISSN-L)
- OpenAlex
- W3125577189
- Cited by
- 1,205
- References
- 32
- FWCI
- 147.52
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.