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The impact of remittances on GDP in CARICOM
This study investigates the relationship between remittances and economic growth in the Caribbean Community (CARICOM) from 1975 to 2013, where remittances are measured as a share of GDP and economic growth is measured by GDP per capita growth. Using multivariate linear regression analysis and the G...
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| Format: | Thesis |
| Language: | English |
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GSB: Faculty
2016
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| _version_ | 1867611275643584512 |
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| access_status_str | Open Access |
| author | Millington, Faith W E |
| author2 | Biekpe, Nicholas |
| author_browse | Biekpe, Nicholas Millington, Faith W E |
| author_facet | Biekpe, Nicholas Millington, Faith W E |
| author_sort | Millington, Faith W E |
| collection | Thesis |
| description | This study investigates the relationship between remittances and economic growth in the Caribbean Community (CARICOM) from 1975 to 2013, where remittances are measured as a share of GDP and economic growth is measured by GDP per capita growth. Using multivariate linear regression analysis and the Generalised Method of Moments (GMM) the researcher tested the hypothesis that remittances have a positive relationship on GDP per capita growth within CARICOM. Additionally, the ability of financial development to influence the relationship between remittances and GDP per capita growth was also tested. In this study financial development was measured using the proxy variables of quasi money, M2 and banking credit to the private sector. The relationship between remittances and economic growth has been shown to vary across countries and regions. In this study it was found that remittances as a share of GDP growth do not have an overall statistically significant influence on GDP per capita growth but do effect GDP per capita growth through their interactions with inflation and banking credit to the private sector. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/20084 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | GSB: Faculty |
| publisherStr | GSB: Faculty |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/20084 The impact of remittances on GDP in CARICOM Millington, Faith W E Biekpe, Nicholas Development Finance This study investigates the relationship between remittances and economic growth in the Caribbean Community (CARICOM) from 1975 to 2013, where remittances are measured as a share of GDP and economic growth is measured by GDP per capita growth. Using multivariate linear regression analysis and the Generalised Method of Moments (GMM) the researcher tested the hypothesis that remittances have a positive relationship on GDP per capita growth within CARICOM. Additionally, the ability of financial development to influence the relationship between remittances and GDP per capita growth was also tested. In this study financial development was measured using the proxy variables of quasi money, M2 and banking credit to the private sector. The relationship between remittances and economic growth has been shown to vary across countries and regions. In this study it was found that remittances as a share of GDP growth do not have an overall statistically significant influence on GDP per capita growth but do effect GDP per capita growth through their interactions with inflation and banking credit to the private sector. 2016-06-22T08:55:14Z 2016-06-22T08:55:14Z 2015 Master Thesis Masters MCom http://hdl.handle.net/11427/20084 eng application/pdf GSB: Faculty Unknown University of Cape Town |
| spellingShingle | Development Finance Millington, Faith W E The impact of remittances on GDP in CARICOM |
| thesis_degree_str | Master's |
| title | The impact of remittances on GDP in CARICOM |
| title_full | The impact of remittances on GDP in CARICOM |
| title_fullStr | The impact of remittances on GDP in CARICOM |
| title_full_unstemmed | The impact of remittances on GDP in CARICOM |
| title_short | The impact of remittances on GDP in CARICOM |
| title_sort | impact of remittances on gdp in caricom |
| topic | Development Finance |
| url | http://hdl.handle.net/11427/20084 |
| work_keys_str_mv | AT millingtonfaithwe theimpactofremittancesongdpincaricom AT millingtonfaithwe impactofremittancesongdpincaricom |