Are remittances important for the aggregate consumption growth?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86097669" target="_blank" >RIV/61989100:27510/16:86097669 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Are remittances important for the aggregate consumption growth?
Original language description
Remittances, though often overlooked, can be an important source of income and thus an important determinant of consumption function even at the aggregate level. It is evident that the importance of remittances for the receiving economy is given not only by the relative amount of emigrants, but also by its economic level. However, the most important factor is the share of remittances on the aggregate income of the receiving country. The aim of this study is to analyze the growth of the aggregate consumption in terms of remittance flows. To achieve this objective, there is primarily used panel data regression. To avoid great differences in economic conditions across the countries with high share of remittances on their national income, the regression was driven on chosen Asian economies only. The results confirm the statistical significance of the growth of remittances on the aggregate consumption growth in panel regression, the same result was obtained from the simple regression with robust estimations. These findings concurrently support the idea that remittance flows should be more considered.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
34th International Conference Mathematical Methods in Economics (MME) : proceedings papers
ISBN
978-80-7494-296-9
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
13-18
Publisher name
Technická univerzita Liberec
Place of publication
Liberec
Event location
Liberec
Event date
Sep 6, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000385239500003