Are There Significant Externality Effects of Remittances in Asian Economic Growth? | Zendy

Gazi Hassan | Zendy; Shamim Shakur | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Are There Significant Externality Effects of Remittances in Asian Economic Growth?

Author(s) -

Gazi Hassan,

Shamim Shakur

Publication year - 2018

Publication title -

applied economics quarterly

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.186

H-Index - 3

eISSN - 1865-5122

pISSN - 1611-6607

DOI - 10.3790/aeq.64.2.127

Subject(s) - romer , externality , economics , cointegration , panel data , productivity , endogenous growth theory , sample (material) , stock (firearms) , econometrics , monetary economics , macroeconomics , microeconomics , human capital , economic growth , mechanical engineering , chemistry , cartography , chromatography , engineering , geography

This paper estimates the externality effects of remittances for selected Asian countries. According to Romer (1986), externality generated by the education sector can raise nationwide productivity. Because a portion of remittances income is invested on education, remittances stock can also generate such externalities. Using a Romer-type production function and panel cointegration, we find that the externality effects of remittances are small but highly significant.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research