Are remittances important for the aggregate consumption growth?

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Are remittances important for the aggregate consumption growth?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Are remittances important for the aggregate consumption growth?

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

13-18

Název nakladatele

Technická univerzita Liberec

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

6. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000385239500003