resource wealth. In addition to traditional variables, we include an institutional variable and remittances among the … regressors. We find that (i) both institutions and remittances have a positive and significant impact on market capitalization …

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 …

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 …

Empirical studies that use self-reported data on remittances to measure the latter''s impact on microeconomic …-reporting of remittances. After controlling for this, we find a strong negative impact of remittances on incentives to work …

This paper addresses the complex and overlooked relationship between the receipt of workers'' remittances and …, even after controlling for potential reverse causality. We find that a higher ratio of remittances to GDP is associated …

remittances as well as investment and hours worked by the relative(s). We use data from Armenia to test our predictions regarding … implications of remittances flows on behavior of receiving households. Consistent with our predictions, remittance … benefits of remittances might be overstated and emphasizes the importance of measuring their impact in a general- rather than a …