Do Remittances Impact the Economy? Some Empirical Evidences from A Developing Economy
Published By: CDS on eSS | Published Date: October, 01 , 2008The study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment) and its implications on economic growth in India for the period from 1966-67 to 2003-04. Estimating a general consumption model, the results indicate that remittances along with debt, money supply (net of bank demand deposits) and income, consistently have a positive influence on private consumption. [WP no. 407].
Author(s): Hrushikesh Mallick | Posted on: Sep 01, 2009 | Views(1545) | Download (869)