UNESCAP Working Paper on Workers' remittances, economic growth and poverty in developing Asia and the Pacific countries

UNESCAP Working Paper on Workers' remittances, economic growth and poverty in developing Asia and the Pacific countries

Date: 
Monday, January 15, 2007
Type: 
Working paper series
Abstract

This paper examines the impact of workers’ remittances on growth and poverty reduction in developing Asia-Pacific countries using panel data over the period 1993-2003. The results suggests that, while remittances do have a significant impact on poverty reduction through increasing income, smoothing consumption and easing capital constraints of the poor, they have only a marginal impact on growth operating through domestic investment and human capital development.

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