The impact of migrant remittances on economic development: empirical evidence from the developing world

Khan, Muhammad Azam

doi:10.1007/s40847-024-00329-5

Cited by 3 publications

(1 citation statement)

References 69 publications

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“…Thirdly, this empirical study can help to achieve inclusive growth in the South African economy. Remittances from migrant workers play an important role in augmenting household incomes and facilitating greater participation in tourism-related activities, both as consumers and entrepreneurs, especially among marginalised communities (Khan 2024;Chowdhury et al 2023). Moreover, as mentioned earlier, remittances may be invested in tourism infrastructure, which may enhance the attractiveness of destinations and create a platform for inclusive gender employment (World Travel and Tourism Council 2024); this, in the long run, may provide opportunities for women in hospitality and tour guiding (International Labour Organisation 2022).…”

Section: Introductionmentioning

confidence: 99%

Can Remittance Promote Tourism Income and Inclusive Gender Employment? Function of Migration in the South African Economy

Makwembere,

Acha-Anyi,

Asaleye

et al. 2024

Economies

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With globalisation and international trade, remittances and migration significantly influence economic activities, yet their impact on tourism income and gender-specific employment remains under-researched. This study uses autoregressive distributed lags and Granger causality to examine the effects of remittances and migration on tourism income and employment in South Africa. Three models are established as follows: for aggregate employment, male employment, and female employment, each with equations for tourism income and employment. Key findings from this study indicate that remittances significantly drive tourism income in both the short and long run across all models. Conversely, employment negatively impacts tourism income, hinting at sectoral trade-offs. Migration positively affects tourism income in the short run for male and aggregate models but is insignificant for female employment. Remittances boost male employment in both the short and long run, whereas their impact on female employment is significant only in the long run. Causality analysis shows a bidirectional relationship among employment indicators, with unidirectional causality from remittances to migration and from migration to income. This study recommends policies to support remittance inflows and their productive use in tourism, along with targeted interventions to reduce gender disparities in employment and promote equitable economic opportunities.

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Section: Introductionmentioning

confidence: 99%

Can Remittance Promote Tourism Income and Inclusive Gender Employment? Function of Migration in the South African Economy

Makwembere,

Acha-Anyi,

Asaleye

et al. 2024

Economies

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Examining the Moderated-Mediation Role of the Financial Sector and Institutional Quality in the Relationship Between Remittances and Economic Growth in Developing Countries

Karim,

Tariq,

Khan

2024

Int. Migration & Integration

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Contributions of Diaspora Remittances to Economic Growth & Development in Nigeria: A Housing Finance & Infrastructure Perspective 2000-2023

Owotemu,

Ifechi-Fred,

Faleti

2024

JSSM

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Migrant remittances remain a critical contributor to the economic growth and development of many emerging nations like Nigeria. The World Bank has estimated that nearly $160 billion is transferred annually through official channels. The study highlights that the likely impact of remittances on economic growth depends on the purpose and how host countries and recipient households use their remittances. If remittances are used for infrastructure investments, human capital development, healthcare, and education, it could have a positive impact on economic growth and development in the long run. The study finds that remittances positively affect economic growth by supporting and expanding the limits on household income, as remittances potentially stimulate commercial activity and investment. The study also notes that remittances improve economic growth and contribute to development in countries with structured, open markets and innovative policies that encourage economic and institutional growth. Such innovative and open economies tend to allow the free flow of capital and labour, which are key to driving economic growth and contributing to housing and infrastructural development. The research noted that remittance flows in 2018 were estimated at 6.1% of GDP, with an estimated 87.5% of these flows used for construction and/or home purchase. The research employed a mixed-methods research approach, which involved collecting qualitative data from interviews and questionnaires and quantitative data from external sources. The research sample comprised 387 Nigerians in the diaspora, across multiple countries, in addition to 3 banks, 4 non-bank financial institutions, and a government agency. The study faced challenges in accessing diaspora data through Financial Institutions and NiDCOM due to proprietary data protection issues,

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The impact of migrant remittances on economic development: empirical evidence from the developing world

Cited by 3 publications

References 69 publications

Can Remittance Promote Tourism Income and Inclusive Gender Employment? Function of Migration in the South African Economy

Can Remittance Promote Tourism Income and Inclusive Gender Employment? Function of Migration in the South African Economy

Examining the Moderated-Mediation Role of the Financial Sector and Institutional Quality in the Relationship Between Remittances and Economic Growth in Developing Countries

Contributions of Diaspora Remittances to Economic Growth & Development in Nigeria: A Housing Finance & Infrastructure Perspective 2000-2023

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