development, the following facts can be replicated: 1) persistent current account surpluses and 2) high TFP growth in China. Under …

the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …

This paper empirically examines how financial development influences the impact of remittances on GDP growth volatility … impact of remittances on GDP growth volatility is nonlinear and changes over time and across countries in function of … financial development. More precisely, a high level of financial development helps remittances to have a high stabilizing impact …

between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the …-run impact of remittances. We then use an endogenous growth framework to describe the growth potential of remittances and present … the evidence for different growth channels. There is considerable evidence that remittances (in the form of savings …

-run effects of remittances, aid and financial deepening on growth in Guyana using annual data for the period 1982–2010. The … results show that remittances have a positive and significant effect both in the short and the long run. Aid has a negative … capital stock, aid and financial deepening cause remittances inflow in Guyana. …

A broad but brief survey of the literature on remittances and growth shows that indirect effects are only included via …’ or ‘no net migration anymore’ shows that the total effect of remittances on levels and growth rates of GDP per capita … interaction terms. Then, we regress data for migration, worker remittances, savings, investment, tax revenues, public expenditure …