Remittances and Economic Growth Determinants in Low, Lower Middle, and Upper Middle Income Countries: A Comparative Study
Master of Arts (MA)
Semester of Degree Completion
Ahmed S. Abou-Zaid
The research uses pooled cross-country times series for the time period 1981-2010 to investigate the impacts of remittances and other economic growth determinants on economic growth of low-income, lower-middle income, and upper-middle income economies. This study divides this 30-year period into six non-overlapping five-year periods. This paper contributes to the literature on remittances, economic growth indicators, and economic growth in novel ways. The research finds that remittances are not associated with the economic growth of low-income economies. However, the research concludes that remittances are positively and significantly related to economic growth of Lower Middle-Income and Upper Middle-Income Economies. Nevertheless, the results of this research might contradict with those of other researchers if they take their sample from different income groups or use different methodologies. Therefore, the policy recommendations should be used cautiously.
Chowdhury, Md Shahedur Rahaman, "Remittances and Economic Growth Determinants in Low, Lower Middle, and Upper Middle Income Countries: A Comparative Study" (2015). Masters Theses. 2385.