The article empirically analyses the motivations and long-run economic outcomes of remittance inflows into the West African Economic and Monetary Union. Using Westerlund's (2007) ECM for panel time series and data spanning 1975–2011, the results show that there is no evidence of a long-run...

Studies that examine the long-run impact of remittances on economic growth in West Africa and the Caribbean show that remittances are not growth enhancing. Money has been used toward consumption rather than investment. Because migrants from these regions are mostly permanent immigrants who...

The paper investigates the economic importance of remittance flows to the Caribbean Community and Common Market (CARICOM). Utilizing panel cointegration tests, the results show that there is no evidence of a long-run relationship between remittances and real GDP per capita or investment but some...

This paper empirically examines the factors causing the recently increased flow of workers' remittances to developing countries. The main question we seek to answer is whether these increased remittances are the result of increased amounts sent by existing migrants (intensive margin) or the...