Remittance and growth nexus: bootstrap panel granger-causality evidence from high remittance receiving countries

Does Remittance Inflow Granger-Cause Economic Growth in South Africa? A Dynamic Multivariate Causality Test

“…Unlike the studies reviewed above that support unidirectional causality from remittances to economic growth, there are some studies, though very few, that lend support to the unidirectional causality from economic growth to remittances. Such studies include Ali et al (2018), who examined the causal relationship between remittances and economic growth among the top ten highest remittance-receiving countries in the world, based on the ratio of remittances to GDP, for the period from 1998 to 2014. These study countries were: Haiti, Honduras, the Kyrgyz Republic, Lebanon, Lesotho, Moldova, Nepal, Samoa, Tajikistan, and Tonga.…”

“…Although there have been efforts to examine the relationship between remittances and economic growth in recent years, the area of study has not enjoyed modest coverage. The remittance-growth empirical evidence is still thin, and much focus has been on the impact of remittances on economic growth (Fayissa and Nsiah, 2010;Yaseen, 2012;Goschin, 2014;Matuzeviciute and Butkus, 2016;Meyer and Shera, 2017), leaving studies on the causality between remittances and economic growth scant (see Siddique et al, 2012;Olubiyi, 2014;Sharaf, 2014;Ali et al, 2018).…”

“…Four groups of outcomes have emerged in literature. The first group of studies have found unidirectional causality from remittances to economic growth (Nyeadi and Atiga, 2014;Aboulezz, 2015;Munir et al, 2016), while the second group consists of studies that found unidirectional causality, but this time, from economic growth to remittances (see Ali et al, 2018). The third group consists of studies in support of the bidirectional causality between remittances and economic growth (see Kumar and Vu, 2014;Jouini, 2015;Ahmed and Hakim, 2017).…”

impact of remittances on economic growth in Republic of Kosovo

“…In addition, unidirectional causality running from remittances to growth were obtained by the following: Aboulezz, 2015;Munir et al, 2016;Nyeadi and Atiga, 2014;Olubiyi, 2014. Unidirectional causality running from growth towards remittances was found in the study conducted by Ali et al (2018). On the other hand, there are a number of studies that reveal bi-directional causality between the variables, meaning that causality is running both directions (Jouini, 2015;Ahmed and Hakim, 2017;Kumar and Vu, 2014 etc.…”