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America and Caribbean (LAC) countries during the period 1997-2018. Using the autoregressive distributed lag (ARDL) panel … remittances to savings. On average, an increase in inward remittances by 1% leads to about 0.10% increase in savings ceteris … case. Quite outstanding here is the observation of the detrimental role of remittances on savings in the long-run once …
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