The impact of remittances in Latin American economic growth, 1975-2012

The purpose of this paper is to analyze the impact of remittances on Latin American economic growth during the period 1975-2012, focusing on the potential endogeneity of the regressors through the GMM system estimators for dynamic data panel models. The results show that there is only a weak correla...

Full description

Saved in:
Bibliographic Details
Published in:América Latina, hoy hoy, 2015-04, Vol.69, p.141-141
Main Authors: Mayoral, Fernando Martin, Proano, Maria Belen
Format: Article
Language:Spanish
Subjects:
Consumption
Economic Crises
Economic Development
International Finance
Latin America
Latin American Cultural Groups
Low Income Groups
Panel Data
Payments
Remittances
Transnationalism
United States of America
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The purpose of this paper is to analyze the impact of remittances on Latin American economic growth during the period 1975-2012, focusing on the potential endogeneity of the regressors through the GMM system estimators for dynamic data panel models. The results show that there is only a weak correlation between remittances and economic growth in most Latin American countries. This effect has been positive and significant since the international financial crisis of 2008. On the other hand, the highest remittance growth occurs in countries with lower per capita income, which demonstrates its countercyclical nature in the short term and its limited effects because they are intended mainly for consumption. Adapted from the source document.
ISSN:1130-2887
DOI:10.14201/alh201569141161