The impacts of international migrants’ remittances on household consumption volatility in developing countries
Article
Article Title | The impacts of international migrants’ remittances on household consumption volatility in developing countries |
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ERA Journal ID | 18341 |
Article Category | Article |
Authors | Mondal, Ripon Kumar (Author) and Khanam, Rasheda (Author) |
Journal Title | Economic Analysis and Policy |
Journal Citation | 59, pp. 171-187 |
Number of Pages | 17 |
Year | 2018 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 0313-5926 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.eap.2018.07.001 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0313592617300784 |
Abstract | In this paper we investigate the impacts of remittances on reducing volatility of household consumption using a panel dataset of 84 developing countries during the period from 1980 to 2014. Our study is a partial replication of Combes & Ebeke (2011), who first investigated this issue using data for the period of 1975 to 2004 and found that international migrants’ remittances reduce household consumption volatility in developing countries. We improve their study by using more recent data, additional control variables, and by investigating the long run and the short run implications of international remittances in developing countries. Our results show that the volatility of household consumption can significantly be reduced by international migrants’ remittances. The robustness checks reinforce the stabilising impact of migrants’ remittances on consumption volatility in developing countries. Since overall consumption is an integral part of household welfare, the findings of this study highlight that international migrants’ remittances may indeed contribute significantly to households’ welfare by reducing the volatility of consumption in remittance receiving developing countries both in the short and long run. |
Keywords | Remittances; Consumption volatility; Developing countries; System GMM; Communist countries |
ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | Sher-e-Bangla Agricultural University, Bangladesh |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q4x78/the-impacts-of-international-migrants-remittances-on-household-consumption-volatility-in-developing-countries
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