Impact of remittances on economic growth and poverty reduction amongst CIS countries
Year: 2019
Type: article
Abstract: The main goal of this paper is to assess the effect of remittances on economic growth and poverty reduction amongst the post-Soviet states, compared with other external sources of capital, such as foreign aid and foreign direct investment. In this paper we use a panel data set on economic growth and poverty estimates (poverty headcount, poverty gap and poverty severity) in 10 selected former post-Soviet republics i.e. Commonwealth of Independent States (CIS). We found that, on average, a 1% increase in remittance flows provokes around a 0.25% rise in per capita GDP and a 2% decline in poverty severity. Remittances seem to have produced a significant reduction on poverty through increasing income and smoothing consumption levels.
Source: Post-Communist Economies
Authors: Mubinzhon Abduvaliev, Ricardo Bustillo
Language: English
Topic: Migration and Labor Dynamics
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2989447998