The DOI matches its Crossref record; 53 of the 53 references it cites were found in a registry or an index.
Remittances, Financial Market Development, and Economic Growth: The Case of Latin America and the Caribbean
Abstract
Within a theoretical framework, the author analyzes the effects that both workers' remittances and financial intermediation have on economic growth. It is found, among other things, that remittances can have significant positive long‐run effects on growth. The author confronts the implications of the theoretical model proposed with panel data for countries in Latin America and the Caribbean. After considering the effect of long‐run investment and demographic variables, and controlling for fixed time and country effects, the empirical analysis indicates that financial intermediation tends to increase the responsiveness of growth to remittances. The overall conclusion is that making financial services more generally available should lead to even better use of remittances, thus boosting growth in these countries.
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Cites
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Increasing returns and long-run growth
Romer, P. M. (1986) · Journal of Political Economy · doi:10.1086/261420 · Cited by 20,149
Bank Runs, Deposit Insurance, and Liquidity
Diamond, D. W., & Dybvig, P. H. (1983) · Journal of Political Economy · doi:10.1086/261155 · Cited by 9,369
Financial Dependence and Growth
Rajan, R., & Zingales, L. (1996) · National Bureau of Economic Research · doi:10.3386/w5758 · Cited by 7,730
Aghion, P., & Durlauf, S. N. (2005) · RePEc: Research Papers in Economics · Cited by 4,447
Financial intermediation and growth: Causality and causes
Levine, R., Loayza, N., & Beck, T. (2000) · Journal of Monetary Economics · doi:10.1016/s0304-3932(00)00017-9 · Cited by 4,414
Money and Capital in Economic Development.
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Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence
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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
Remittances, financial development and economic growth in Africa
Nyamongo, E. M., Misati, R. N., Kipyegon, L., & Ndirangu, L. (2012) · Journal of Economics and Business · doi:10.1016/j.jeconbus.2012.01.001 · Cited by 253
Metadata
- Authors
- Mundaca, B. G.
- Venue
- Review of Development Economics
- Publisher
- Wiley
- Published
- 2009-04-15
- Volume
- 13
- Issue
- 2
- Pages
- 288-303
- ISSN
- 1363-6669 (ISSN-L)
- 1467-9361
- OpenAlex
- W2009014775
- Cited by
- 330
- References
- 53
- FWCI
- 45.59
- Type
- journal article
- Language
- en
- Open access
- closed
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- Mundaca, B. G. (2009). Remittances, Financial Market Development, and Economic Growth: The Case of Latin America and the Caribbean. Review of Development Economics. https://doi.org/10.1111/j.1467-9361.2008.00487.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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