Las remesas en América Latina, ¿amenaza u oportunidad?

Martin-Mayoral, Fernando and Proaño, Maria Belén (2012): Las remesas en América Latina, ¿amenaza u oportunidad? Forthcoming in:

Abstract

The purpose of this paper is to analyze the effect of remittances on Latin America`s economic growth thorough 1976-2007 controlling the potential endogeneity of the regressors through system GMM estimators for dynamic data panel model. The main conclusion is that remittances had a negative and significant effect on the region, although with low magnitude. The countries most negatively affected by remittances were Mexico, Haiti, Costa Rica and Nicaragua, while Panama, the country that led the inflow of remittances to the 1980's, was the only country with a positive impact.

• Item Type: MPRA Paper
• English Title: Remittances in Latin America, a threat or an opportunity?
• Language: Spanish
• Keywords: remittances, economic growth, Latin America, GMM system
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources ; Human Development ; Income Distribution ; Migration; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies

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