An Influence of Remittances on the Aggregate Consumption Growth – Evidence from Central America

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

An Influence of Remittances on the Aggregate Consumption Growth – Evidence from Central America

Popis výsledku v původním jazyce

The impact of remittances on aggregate consumption behaviour has been proven for many times already, yet these international transfers still often remain on the edge of macroeconomic analysis, which is one of the most important supports for making economic policy – a state management. This approach can be acceptable for fully developed countries, where aggregate aspect of remittances would be barely visible. But in environment of the developing world, where remittance inflows may be an important source of national income, we would hardly be able to create accurate a realistic aggregate consumption function without the knowledge of remittances’ influence. The aim of this study is to analyze the aggregate consumption growth in terms of remittance flows using data from countries of Central America. To achieve this objective, we use a panel data regression, which results firstly confirm the direct influence of remittance growth on the growth of aggregate consumption and secondly they provide a basic view of consumption effect of remittances in the specific environment of the Central America region.

Název v anglickém jazyce

An Influence of Remittances on the Aggregate Consumption Growth – Evidence from Central America

Popis výsledku anglicky

The impact of remittances on aggregate consumption behaviour has been proven for many times already, yet these international transfers still often remain on the edge of macroeconomic analysis, which is one of the most important supports for making economic policy – a state management. This approach can be acceptable for fully developed countries, where aggregate aspect of remittances would be barely visible. But in environment of the developing world, where remittance inflows may be an important source of national income, we would hardly be able to create accurate a realistic aggregate consumption function without the knowledge of remittances’ influence. The aim of this study is to analyze the aggregate consumption growth in terms of remittance flows using data from countries of Central America. To achieve this objective, we use a panel data regression, which results firstly confirm the direct influence of remittance growth on the growth of aggregate consumption and secondly they provide a basic view of consumption effect of remittances in the specific environment of the Central America region.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 12th International Conference on Strategic Management and its Support by Information Systems: May 25th-26th, 2017, Ostrava, Czech Republic

ISBN

978-80-248-4046-8

ISSN

2570-5776

e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

168-175

Název nakladatele

VŠB - Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

25. 5. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000417344100018