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Title: Economics of remittances : essays on the effects of remittances on inequality and growth
Author: Nessa, Azizun
ISNI:       0000 0004 2719 3535
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2012
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There exists much controversy as to whether international migration in general, and migrant's remittances in particular, increase or decrease economic welfare at origin. Our research contributes to the international discussion on remittances by presenting novel insights on the basis of theoretical and empirical analysis. Analysis of remittances from macro-economic as well as micro-economic point of view reveals that remittances not only have growth enhancing effect but also have an equalizing impact on income distribution of the recipient economy. The first chapter shows how large flows of remittances not only help the receiver to accumulate necessary savings but also reduce the critical level of wealth needed to get access to the capital market to instigate entrepreneurship. The second chapter reveals that the measured impact of remittances on business investment have significant country heterogeneity; remittances facilitate entrepreneurship in those countries where the lenders of the capital market can predict smooth and increasing flow of remittances. The third chapter proposes that remittances work better than aid in enhancing growth of the recipient country and the reason is that remittances are more effective than aid in augmenting capital accumulation.
Supervisor: Blackburn, Keith; Clark, Kenneth Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Remittance ; Aid ; Growth ; Inequality ; PMG ; GMM ; Recursive Bivariate Probit ; Overlapping Generations Model