Resources curse and sustainable development revisited: Evaluating the role of remittances for China

The Impact of Immigrant Remittances on Development in Terms of Sustainability: A Panel Data Application

“…A number of studies have found that such remittances can have positive effects on development, as they can help to reduce income disparities between the countries of origin and destination, support basic education and health services, and promote consumption and investment (Acosta et al, 2006;Giuliano and Ruiz-Arranz, 2009;Kim, 2021;Ping & Shaohua, 2008;Ratha and Mohapatra, 2007). However, some studies present a contrasting view, asserting that remittances do not necessarily support economic development due to various factors such as the emigration of qualified human capital, the diversion of remitted funds to non-productive areas such as housing and consumption, and the high volatility in the amount of remittances (Adams Jr, 2011;De Haas, 2005;Glytsos, 2002;Li et al, 2022;Nyamongo et al, 2012;Ofori et al, 2023).…”