Remittances in Asia: Implications for the fight against poverty and the pursuit of economic growth.

Working paper

This study examines the potential of remittances for promoting economic growth and reducing poverty in Asian countries using data for more than 20 countries in the region for 1988-2007. The results indicate that remittances positively affect home country real gross domestic product (GDP) per capita growth. A 10% increase in remittances as a share of GDP leads to a 0.9-1.2% increase in GDP growth. The findings also show that remittances only have a negligible effect on the overall poverty rate...

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Authors: Vargas-Silva, C; Jha, S; Sugiyarto, G

• Publisher: Asian Development Bank
• Series: ADB Economics Working Paper Series
• Place of publication: Manila, Philippines
• Publication date: 2009-01-01
• Language: English