“…These include remittances and financial development (Shahbaz et al 2007, Nyamongo andMisati, 2011;Aggarwal et al 2010), remittances and sustainable economic development like welfare effect (Gupta, 2009;Siddiqui and Kemal 2006;Adams and Page 2005;Adam, 1993); economic growth effect (Taylor and Wyatt, 1996;Esman et al 2012); increasing consumption effect (Quartey and Blankson 2004); human capital formation (Edwards and Ureta, 2003;Hanson and Woodruff, 2003); remittances and education and schooling (Calero et al 2008;Richard et al 2010); remittances and Dutch disease (Acosta et al 2009;Bourdet and Falck, 2006;Lartey et al 2008;Vargas-Silva, 2009 etc. ), remittances and real exchange behavior (Amuedo-Dorantes and Pozo, 2004;Chami et al 2003) etc.…”