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An Empirical Investigation of the Impact of Foreign Remittances on Poverty in Developing Countries

Economy

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Title An Empirical Investigation of the Impact of Foreign Remittances on Poverty in Developing Countries
 
Creator Hossain, Mohammad Imran
 
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Description Remittances sent to home countries by migrant workers became significant in amount. Such funds can have profound implications for economic development, human welfare and poverty reduction in a developing country context. This paper examines the impact of foreign remittances on poverty in selected developing countries. A set of time series data has been utilized to empirically check the relationship between remittances and poverty for a list of 44 developing countries worldwide. For the purpose of the study, the ‘Three Stage Least Squares’ (TSLS) regression technique has been applied. A separate analysis for a group of countries among the list which recorded a remittances to GDP ratio of 2% or more has been performed. The study finds that remittances have a significant negative impact on poverty in a developing country.
 
Publisher Asian Online Journal Publishing Group
 
Contributor —
 
Date 2015-07-13
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
audio/mpeg
 
Identifier http://www.asianonlinejournals.com/index.php/Economy/article/view/427
 
Source Economy; Vol 2, No 2 (2015); 44-48
2313-8181
2518-0118
 
Language eng
 
Relation http://www.asianonlinejournals.com/index.php/Economy/article/view/427/pdf_18
http://www.asianonlinejournals.com/index.php/Economy/article/view/427/804
 
Coverage 3
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