Year: 2018
Author: Hassan, Gazi M., Shakur, Shamim
Applied Economics Quarterly, Vol. 64 (2018), Iss. 2 : pp. 127–135
Abstract
Abstract
This article estimates the externality effects of remittances in a sample of Asian countries. According to Romer (1986) externality generated by education sector can raise nationwide productivity. Because a significant portion of remittances income is invested on education, remittances stock can also generate such externalities. Using a Romer type production function and with the aid of panel cointegration technique applied to the data, we find evidence in favour of a highly significant externality effects of remittances, although these estimates are small in magnitude.
JEL classifications: F24; F43; O11; O15
Keywords: Remittances; Externality Effects; Endogenous Growth; Panel Cointegration, group-mean panel dynamic OLS
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Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/aeq.64.2.127
Applied Economics Quarterly, Vol. 64 (2018), Iss. 2 : pp. 127–135
Published online: 2018-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 9
Author Details
| Section Title | Page | Action | Price |
|---|---|---|---|
| Gazi M. Hassan / Shamim Shakur: Are There Significant Externality Effects of Remittances in Asian Economic Growth? | 1 | ||
| Abstract | 1 | ||
| 1. Introduction | 1 | ||
| 2. The Model | 2 | ||
| 3. Data and Empirical Specification | 3 | ||
| 4. Results | 4 | ||
| 5. Conclusion | 7 | ||
| References | 7 |