<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>We present robust results on the impact of remittances on exports and economic growth for panel data sets of 38 high-income and 50 middle-income countries for 2000-2020. First, we estimate the impact of remittances on exports after controlling economic growth. By panel dynamic panel estimation, when regressing remittances on exports, remittances show an inverse U-shaped relationship with a threshold value of ln(12.63) for high-income and ln(15.66) middle-income countries above which exports begin to rise. Economic growth is showing a positive and significant impact on exports. Second, we estimate the impact of remittances and exports on economic growth after controlling various macro determinants of economic growth. On economic growth, remittances present a U-shaped relationship with threshold value ln (12.63) for higher income and ln(15.66) for lower-income countries above which economic growth starts to decline. Exports are showing a positive and significant effect on economic growth. A 100% increase in exports leads to a 15% and 12% increase in exports of high-income and middle-income countries. The other variables like physical capital per labour and human capital are showing a positive and significant impact on economic growth. Government expenditure has a negative coefficient, thus, it deteriorates economic growth.</p>
</abstract>

We present robust results on the impact of remittances on exports and economic growth for panel data sets of 38 high-income and 50 middle-income countries for 2000-2020. First, we estimate the impact of remittances on exports after controlling economic growth. By panel dynamic panel estimation, when regressing remittances on exports, remittances show an inverse U-shaped relationship with a threshold value of ln(12.63) for high-income and ln(15.66) middle-income countries above which exports begin to rise. Economic growth is showing a positive and significant impact on exports. Second, we estimate the impact of remittances and exports on economic growth after controlling various macro determinants of economic growth. On economic growth, remittances present a U-shaped relationship with threshold value ln (12.63) for higher income and ln(15.66) for lower-income countries above which economic growth starts to decline. Exports are showing a positive and significant effect on economic growth. A 100% increase in exports leads to a 15% and 12% increase in exports of high-income and middle-income countries. The other variables like physical capital per labour and human capital are showing a positive and significant impact on economic growth. Government expenditure has a negative coefficient, thus, it deteriorates economic growth.

Impact of remittances on exports and economic growth: a cross country analysis

Romanian Journal of Transport Infrastructure

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Impact of remittances on exports and economic growth: a cross country analysis"}

We present robust results on the impact of remittances on exports and economic growth for panel data sets of 38 high-income and 50 middle-income countries for...

Impact of remittances on exports and economic growth: a cross country analysis

Online veröffentlicht: 06. Okt. 2023

Seitenbereich: 1 - 15

DOI: https://doi.org/10.2478/rjti-2023-0001

Schlüsselwörter
Economic growth, exports, remittances, human capital, physical capital

© 2023 Imtiyaz Ahmad Shah, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Impact of remittances on exports and economic growth: a cross country analysis

Online veröffentlicht: 06. Okt. 2023

Seitenbereich: 1 - 15

DOI: https://doi.org/10.2478/rjti-2023-0001

SchlüsselwörterEconomic growth, exports, remittances, human capital, physical capital

© 2023 Imtiyaz Ahmad Shah, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Schlüsselwörter
Economic growth, exports, remittances, human capital, physical capital