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Emigrant’s remittances, Dutch Disease and capital accumulation: The case of Mekong countries

Journal of Economics Bibliography

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Title Emigrant’s remittances, Dutch Disease and capital accumulation: The case of Mekong countries
 
Creator TAGUCHI, Hiroyuki
LAR, Ni
 
Subject Emigrant’s remittances; Dutch Disease; Capital accumulation; Vector auto-regression estimation.
F22; F66; O53.
 
Description Abstract. This paper examines the sectoral and intertemporal impacts of international emigrant remittances by using a vector auto-regression (VAR) estimation focusing on Cambodia, Lao PDR, Myanmar and Vietnam (CLMV countries). The reason for targeting the CLMV countries is that they have still depended largely on remittance-earnings from their emigrant workers in their economies, and that the macroeconomic impacts of received remittances would be critical for their sustainable growth. The empirical study identified the decline in manufacturing-service ratio (the Dutch Disease effect) as a sectoral effect of remittances, and also the decline in investment-consumption ratio (the deteriorated capital accumulation effect) as their intertemporal effect, judging from the causalities and dynamic responses from remittances to both ratio in the VAR estimation outcomes. The strategic implication is that the CLMV countries should establish a framework to mobilize their remittance-earnings for more productive use.Keywords. Emigrant’s remittances, Dutch Disease, Capital accumulation, Vector auto-regression estimation. JEL. F22, F66, O53.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2017-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/1515
10.1453/jeb.v4i4.1515
 
Source Journal of Economics Bibliography; Vol 4, No 4 (2017): December; 295-306
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/1515/1505
http://www.kspjournals.org/index.php/JEB/article/downloadSuppFile/1515/755
http://www.kspjournals.org/index.php/JEB/article/downloadSuppFile/1515/763
 
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http://creativecommons.org/licenses/by-nc/4.0