Remittances and growth in latin america: A panel unit root and panel cointegration analysis
Using recently developed panel unit root and panel cointegration tests and the Fully-Modified OLS (FMOLS) methodology, this paper estimates the impact of remittances on the economic growth of selected upper and lower income Latin American & Caribbean countries. Despite a large flow of remittance...
Guardado en:
| Autores principales: | , |
|---|---|
| Formato: | Artículo |
| Lenguaje: | español |
| Publicado: |
2009
|
| Materias: | |
| Acceso en línea: | https://dialnet.unirioja.es/servlet/oaiart?codigo=7319563 |
| Etiquetas: |
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| _version_ | 1879196591314698240 |
|---|---|
| author | Ramírez, Miguel A. Sharma, Hari |
| author_browse | Ramírez, Miguel A. Sharma, Hari |
| author_facet | Ramírez, Miguel A. Sharma, Hari |
| author_sort | Ramírez, Miguel A. |
| building | Dialnet |
| collection | Acceso abierto |
| description | Using recently developed panel unit root and panel cointegration
tests and the Fully-Modified OLS (FMOLS) methodology, this paper
estimates the impact of remittances on the economic growth of
selected upper and lower income Latin American & Caribbean
countries. Despite a large flow of remittances to the region, there
have been relatively few empirical studies assessing the impact of
remittances on growth in Latin American and the Caribbean. Panel
unit root tests suggests that several of the macro variables included in
the model exhibit unit roots, yet, at the same time, Pedroni’s panel
cointegration methodology determined that there is a cointegrating
relationship among the variables in the estimated model. Moreover,
FMOLS estimates suggest that remittances have a positive and
significant effect on economic growth in both groups of countries.
The interaction of remittances with a financial development variable
revealed that these two variables act as substitutes and, moreover,
that the impact of remittances is more pronounced in the presence of
the financial development variable. |
| first_indexed | 2026-10-16T06:05:24Z |
| format | Article |
| fullrecord | <oai_dc:dc xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><identifier>dialnet-ART0001856436</identifier><datestamp>2026-07-18</datestamp><dc:title>Remittances and growth in latin america: A panel unit root and panel cointegration analysis</dc:title><dc:creator>Ramírez, Miguel A.</dc:creator><dc:creator>Sharma, Hari</dc:creator><dc:subject>Latin America</dc:subject><dc:subject>Remittances and Growth</dc:subject><dc:subject>Panel Cointegration</dc:subject><dc:subject>Panel Unit Root</dc:subject><dc:description>Using recently developed panel unit root and panel cointegration
tests and the Fully-Modified OLS (FMOLS) methodology, this paper
estimates the impact of remittances on the economic growth of
selected upper and lower income Latin American & Caribbean
countries. Despite a large flow of remittances to the region, there
have been relatively few empirical studies assessing the impact of
remittances on growth in Latin American and the Caribbean. Panel
unit root tests suggests that several of the macro variables included in
the model exhibit unit roots, yet, at the same time, Pedroni’s panel
cointegration methodology determined that there is a cointegrating
relationship among the variables in the estimated model. Moreover,
FMOLS estimates suggest that remittances have a positive and
significant effect on economic growth in both groups of countries.
The interaction of remittances with a financial development variable
revealed that these two variables act as substitutes and, moreover,
that the impact of remittances is more pronounced in the presence of
the financial development variable.</dc:description><dc:date>2009</dc:date><dc:type>text (article)</dc:type><dc:format>application/pdf</dc:format><dc:identifier>https://dialnet.unirioja.es/servlet/oaiart?codigo=7319563</dc:identifier><dc:identifier>(Revista) ISSN 1578-4479</dc:identifier><dc:source>Estudios económicos de desarrollo internacional: Economic studies of international development : EEDI, ISSN 1578-4479, Vol. 9, Nº. 1, 2009, pags. 5-36</dc:source><dc:language>spa</dc:language><dc:rights>LICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI</dc:rights></oai_dc:dc> |
| id | dialnet-ART0001856436 |
| institution | Dialnet |
| language | spa |
| last_indexed | 2026-10-16T06:05:24Z |
| publishDate | 2009 |
| publishDateRange | 2009 |
| publishDateSort | 2009 |
| record_format | oai_dc |
| spelling | dialnet-ART00018564362026-07-18Remittances and growth in latin america: A panel unit root and panel cointegration analysisRamírez, Miguel A.Sharma, HariLatin AmericaRemittances and GrowthPanel CointegrationPanel Unit RootUsing recently developed panel unit root and panel cointegration tests and the Fully-Modified OLS (FMOLS) methodology, this paper estimates the impact of remittances on the economic growth of selected upper and lower income Latin American & Caribbean countries. Despite a large flow of remittances to the region, there have been relatively few empirical studies assessing the impact of remittances on growth in Latin American and the Caribbean. Panel unit root tests suggests that several of the macro variables included in the model exhibit unit roots, yet, at the same time, Pedroni’s panel cointegration methodology determined that there is a cointegrating relationship among the variables in the estimated model. Moreover, FMOLS estimates suggest that remittances have a positive and significant effect on economic growth in both groups of countries. The interaction of remittances with a financial development variable revealed that these two variables act as substitutes and, moreover, that the impact of remittances is more pronounced in the presence of the financial development variable.2009text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=7319563(Revista) ISSN 1578-4479Estudios económicos de desarrollo internacional: Economic studies of international development : EEDI, ISSN 1578-4479, Vol. 9, Nº. 1, 2009, pags. 5-36spaLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI |
| spellingShingle | Latin America Remittances and Growth Panel Cointegration Panel Unit Root Ramírez, Miguel A. Sharma, Hari Remittances and growth in latin america: A panel unit root and panel cointegration analysis |
| title | Remittances and growth in latin america: A panel unit root and panel cointegration analysis |
| title_full | Remittances and growth in latin america: A panel unit root and panel cointegration analysis |
| title_fullStr | Remittances and growth in latin america: A panel unit root and panel cointegration analysis |
| title_full_unstemmed | Remittances and growth in latin america: A panel unit root and panel cointegration analysis |
| title_short | Remittances and growth in latin america: A panel unit root and panel cointegration analysis |
| title_sort | remittances and growth in latin america a panel unit root and panel cointegration analysis |
| topic | Latin America Remittances and Growth Panel Cointegration Panel Unit Root |
| url | https://dialnet.unirioja.es/servlet/oaiart?codigo=7319563 |
| work_keys_str_mv | AT ramirezmiguela remittancesandgrowthinlatinamericaapanelunitrootandpanelcointegrationanalysis AT sharmahari remittancesandgrowthinlatinamericaapanelunitrootandpanelcointegrationanalysis |