This paper analyzes the long-run impact of remittances on socio-economic development in the Caribbean Community and Common Market (CARICOM) between 1970 and 2013. We find that remittances have improved the health indicators, reducing infant and child mortality, and food deficit and improving...

Empirical studies show that there exists a migrant network effect, which boosts foreign direct investment (FDI) from the developed (where migrants work) to developing countries (where migrants come from). We add the migrant network effect in the macro-dynamic framework characterizing a traded...