remittance income is spent. My findings suggest that in communities without banks remittances are more likely to be used for … increases the likelihood that remittances are used for productive investment and decreases the likelihood that remittances are … remittances for productive investment, purchasing assets, and general consumption …

A recent study by Giuliano and Ruiz-Arranz (2006) has provided evidence of substitutability between remittances and … inefficiency indicator of the domestic banking system and show that migrants' remittances positively affect economic growth only in …

Workers' remittances to developing countries have become the second largest type of flows after foreign direct … remittances on financial sector development. In particular, they examine whether remittances contribute to increasing the … findings provide strong support for the notion that remittances promote financial development in developing countries. …

African nations have in time, passed over-relied on remittances inflow to augment domestic finances needed for growth …. Despite the volume and magnitude of remittances that have to serve as an alternative source of investment financing, African … remains mostly underdeveloped. The altruistic motives of sending remittances to Africa are likely to fade with time. In this …