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Sunny Kumar Singh |
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''Revisiting Institutional Determinants of Remittances: Evidence from a Large Panel of Countries'' |
( 2019, Vol. 39 No.4 ) |
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This paper attempts to examine the impact of various aspects of institutional quality on the remittances inflows for a sample of 114 countries (69 developing countries and 45 developed countries) over the period 1984-2016. We find that an improvement in the index of government stability, investment profile, internal conflict, and democratic accountability significantly increase the remittances inflows, whereas a decline in socio-economic condition and a corrupt political environment increase the remittances inflows. The results are robust to the inclusion of a variety of macroeconomic controls and country fixed effects. We find qualitatively similar results with a subsample of developing countries. |
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Keywords: Remittances; Institutional Quality; ICRG; System GMM |
JEL: F2 - International Factor Movements and International Business: General O1 - Economic Development: General |
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Manuscript Received : Aug 24 2019 | | Manuscript Accepted : Oct 13 2019 |
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