Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/328090 
Year of Publication: 
2020
Citation: 
[Journal:] Review of Economic Analysis (REA) [ISSN:] 1973-3909 [Volume:] 12 [Issue:] 3 [Year:] 2020 [Pages:] 255-269
Publisher: 
International Centre for Economic Analysis (ICEA), Waterloo (Ontario)
Abstract: 
Remittances are an important source of external resources for developing countries. These transfers may increase the levels of consumption and capital formation in these economies. This paper examines the economic impact of international remittances on different import categories. A panel VAR was estimated using data from eight Latin-American economies during the 1991 to 2004 period. The impulse response functions show that remittances increase imports of capital, consumption, and intermediate goods. It was also found that the accelerator is a plausible transmission mechanism from this type of income to investment.
Subjects: 
Imports
Remittances
Panel VAR
Central America
JEL: 
F16
F24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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