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dc.contributor.authorGhosh Dastidar, Sayantan
dc.date.accessioned2017-08-01T13:34:09Z
dc.date.available2017-08-01T13:34:09Z
dc.date.issued2017-03-28
dc.identifier.citationGhosh Dastidar, S. (2017). "Impact of Remittances on Economic Growth in Developing Countries: The Role of Openness", Global Economy Journal, 17 (2) pp. 33-44en
dc.identifier.issn15535304
dc.identifier.doi10.1515/gej-2016-0066
dc.identifier.urihttp://hdl.handle.net/10545/621795
dc.description.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.
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherDe Gruyteren
dc.relation.urlhttps://www.degruyter.com/view/j/gej.2017.17.issue-2/gej-2016-0066/gej-2016-0066.xml?format=INTen
dc.subjectRemittancesen
dc.subjectEconomic growthen
dc.subjectOpennessen
dc.subjectDeveloping countriesen
dc.titleImpact of remittances on economic growth in developing countries: The role of opennessen
dc.typeArticleen
dc.contributor.departmentUniversity of Derbyen
dc.identifier.journalGlobal Economy Journalen
refterms.dateFOA2018-03-01T00:00:00Z
html.description.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.


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