Hernández, Julio César; Toledo, Wilfredo - In: Review of Economic Analysis : REA 12 (2020) 3, pp. 255-269
Remittances are an important source of external resources for developing countries. These transfers may increase the … remittances on different import categories. A panel VAR was estimated using data from eight Latin-American economies during the … 1991 to 2004 period. The impulse response functions show that remittances increase imports of capital, consumption, and …