There has been little systematic empirical study on the relationship between remittances and growth. This paper … attempts to examine this relationship. Using a newly constructed crosscountry of data series for remittances covering a large … sample of developing countries, we relate the interaction between remittances and financial development and its impact on …

GDP, private consumption and private investment in regional countries are strongly associated with remittance outflows …

Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to … undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical … is both correlated with remittances and would only be expected to affect growth through its effect on remittances. The …

effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …

The role of remittances in development and economic growth is not well understood. This is partly because the … literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for … remittances with their effect on economic activity. Because remittances take place under asymmetric information and economic …

which remittances affect economic activity. The empirical evidence does not clearly support the purported short …

that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to … interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their … remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the …

The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the … most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds … that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries …