The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 Asia and Pacific countries. The results generally confirm that remittance flows have been beneficial to economic growth. However, our analysis also shows that the volatility of...

The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 Asia and Pacific countries. The results generally confirm that remittance flows have been beneficial to economic growth. However, our analysis also shows that the volatility of...

Remittances have increased in low-income and lower- middle-income countries in recent years, playing an important role as a stable source of finance at the macro-level, and in poverty reduction at the micro-level. Drawing on a critical review of the literature and econometric analyses based on...