Poverty Effects of Remittances: a Comparative Analysis
This paper studies the impact of remittances on cross‐country poverty using a panel data set from 65 developing counties over a long period 1970–2008. This study differs from the existing literature on poverty impact of remittances by explicitly noting the importance of financial development in shaping the link. This analysis shows that the effect of remittances on poverty depends on the level of financial development of a remittances receiving economy. Those economies that have a low level of financial development seem to acquire an unfavourable effect of remittances while economies with comparatively developed financial systems do not suffer from the adverse effects of remittances. In sum, remittances accentuate not ameliorate poverty in countries with the low level of financial development. Copyright © 2014 John Wiley & Sons, Ltd.
Year of publication: |
2015
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Authors: | Majeed, Muhammad Tariq |
Published in: |
Journal of International Development. - John Wiley & Sons, Ltd., ISSN 0954-1748. - Vol. 27.2015, 1, p. 1-14
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Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
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