Remittances, Investment, and Economic Growth: Substitutability or Complementarity?
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This study analyzes how overseas remittances can affect the economic growth of recipient countries through domestic investment. According to panel data of 162 countries for the period 2000-2020, remittances play a role in increasing economic growth through domestic investment. Additionally, when the sample countries are limited to low-income countries, remittances tend to have a positive effect on economic growth. However, the effect of remittances on economic growth is diminished when the level of domestic investment is low. Therefore, low-income countries should include remittances as a source of increased domestic investment in their implementation policy.
Abstract
This study analyzes how overseas remittances can affect the economic growth of recipient countries through domestic investment. According to panel data of 162 countries for the period 2000-2020, remittances play a role in increasing economic growth through domestic investment. Additionally, when the sample countries are limited to low-income countries, remittances tend to have a positive effect on economic growth. However, the effect of remittances on economic growth is diminished when the level of domestic investment is low. Therefore, low-income countries should include remittances as a source of increased domestic investment in their implementation policy.