Remittances, financial development, and growth
By: by Paola Giuliano, Marta Ruiz-Arranz
Contributors: Ruiz-Arranz, Marta
Series: Discussion paper -- no. 2160; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2160
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: [electronic resource] /
Subjects: Emigrant remittances; Economic development
Description: "Despite the increasing importance of remittances in total international capital flows, the relationship between remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in particular how local financial sector development influences a country's capacity to take advantage of remittances Using a newly-constructed dataset for remittances covering about 100 developing countries, we find that remittances boost growth in countries with less developed financial systems by providing an alternative way to finance investment and helping overcome liquidity constraints. The study also explores some common myths about remittances and suggests that they are predominantly profit-driven and mostly pro-cyclical"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 6/14/2006.

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