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Migrant Remittances as a Source of Financing for Entrepreneurship
Author(s) -
Kakhkharov Jakhongir
Publication year - 2019
Publication title -
international migration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.681
H-Index - 64
eISSN - 1468-2435
pISSN - 0020-7985
DOI - 10.1111/imig.12531
Subject(s) - remittance , entrepreneurship , small business , business , job creation , finance , economics , labour economics , economic growth
Abstract The aim of this research is to analyse the likelihood of small business ownership by households receiving remittances in Uzbekistan. As such, this research has important policy implications. Small businesses are crucial for job creation and economic growth. This research shows that households receiving remittances invest in family business only when this inflow is supplemented with sufficient income or savings. Therefore, financial constraints are of paramount importance for a small business and these could be especially hard to overcome in rural areas. The article also finds evidence that remittance senders direct their funds into special business projects.