Jayaraman, T. K. and Choong, Chee-Keong and Kumar, Ronald (2011): Role of Remittances in Economic Development: An Empirical Study of World’s Two Most Remittances Dependent Pacific Island Economies.
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In the context of the ongoing world-wide recession and the consequent dim prospects for exports from small Pacific island countries, mobilization of foreign exchange earnings assumes considerable importance. The dependency of Samoa and Tonga on inward remittances is well known, as the two Polynesian island countries in recent years have been amongst the first top ten remittance recipient countries of the world. This paper examines the long-run nexus between economic growth and inward remittances during a three-decade period (1981-2008). The paper also discusses some important policy implications arising out of the study findings.
|Item Type:||MPRA Paper|
|Original Title:||Role of Remittances in Economic Development: An Empirical Study of World’s Two Most Remittances Dependent Pacific Island Economies|
|Keywords:||Remittances, financial sector development, economic growth, bounds test, Samoa, Tonga|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
F - International Economics > F2 - International Factor Movements and International Business > F24 - Remittances
|Depositing User:||Chee-Keong Choong|
|Date Deposited:||06 Sep 2011 09:32|
|Last Modified:||18 Oct 2016 18:18|
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