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Remittances, Human Capital, and Economic Growth: Panel Data Evidence from Asia and Sub-Saharan Africa
https://doi.org/10.24545/00001614
https://doi.org/10.24545/000016143726e0cc-2b38-4f4e-880e-1b87ab515162
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP18-01.pdf (250.6 kB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2018-05-14 | |||||||||
| タイトル | ||||||||||
| タイトル | Remittances, Human Capital, and Economic Growth: Panel Data Evidence from Asia and Sub-Saharan Africa | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Economic growth | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | human capital | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | international remittances | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ | technical report | |||||||||
| ID登録 | ||||||||||
| ID登録 (DOI) | 10.24545/00001614 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 著者 |
ACHARYA, Chakra Pani
× ACHARYA, Chakra Pani
× LEON-GONZALEZ, Roberto
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| 著者所属 | ||||||||||
| 値 | National Planning Commission, Kathmandu, Nepal | |||||||||
| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | We examine the impact of remittances on economic growth using panel data (1975-2014) for 18 countries in Asia and Sub-Saharan Africa (SSA) that are similar in size and development level. We allow for heterogeneous production functions across countries and calculate the average marginal effects of remittances using the panel dynamic ordinary least squares estimator. The estimation results show that remittances increase growth significantly, especially through investments in human capital. In addition we find that: (i) remittances have a modest impact on growth when controlling for physical and human capital channels through which remittances potentially affect output growth; (ii) when we do not control for human capital the effect is larger regardless of the sub-samples considered − the elasticity of output with respect to remittances is 7.3 percent in the full sample, and 18.6 percent among Asian countries; (iii) remittances have a significant positive long-run effect on human capital formation regardless of the sub-samples considered but the effect on physical capital accumulation is significant only among middle income and Asian countries. The findings suggest that channeling the remittances towards investments in physical capital and adoption of new knowledge, skills and technology is crucial for high economic growth in low income countries. | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | JEL Classification Codes: C24, O15 | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | The authors acknowledge financial support from the GRIPS’s Policy Research Center through the project "International Remittances and Investment in Education in Nepal." | |||||||||
| 発行年 | ||||||||||
| 値 | 2018-05 | |||||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP18-01, 発行日 2018-05-14 |
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| 出版者 | ||||||||||
| 出版者 | GRIPS Policy Research Center | |||||||||
| 言語 | en | |||||||||
| 関連サイト | ||||||||||
| 関連タイプ | isIdenticalTo | |||||||||
| 識別子タイプ | URI | |||||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/18-01.html | |||||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/18-01.html | |||||||||
| 著者情報 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | https://www.grips.ac.jp/list/jp/facultyinfo/leon_gonzalez_roberto/ | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプ | AM | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||||
