Effect of Remittance Inflows on External Debt in Developing Countries
نویسندگان
چکیده
This paper analyzes the effect of remittance inflows on external debt in developing countries, by identifying international reserves as a potential transmission channel. Using panel data over period 1970–2017 and covering 50 low-and middle-income countries worldwide, we find positive significant debt-to-GDP ratio. We also negative debt. After controlling for reserves, increases; it remains significant. The results suggest that role self-insurance mechanism, Dutch disease related to are at play. In addition, effects economic growth savings-investment gap nominal exchange rate United States lending interest discuss policy implications these findings, while highlighting factors policymakers should focus containing post-COVID-19.
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2022
ISSN: ['1573-708X', '0923-7992']
DOI: https://doi.org/10.1007/s11079-022-09675-5