Trade, remittances, institutions, and economic growth

Le, Thanh (2009) Trade, remittances, institutions, and economic growth. International Economic Journal, 23 3: 391-408. doi:10.1080/10168730903119443

Author Le, Thanh
Title Trade, remittances, institutions, and economic growth
Journal name International Economic Journal   Check publisher's open access policy
ISSN 1016-8737
Publication date 2009-09
Year available 2009
Sub-type Article (original research)
DOI 10.1080/10168730903119443
Volume 23
Issue 3
Start page 391
End page 408
Total pages 18
Editor Jaymin Lee
Sunwoong Kim
Place of publication Abingdon, Oxon, United Kingdom
Publisher Routledge
Collection year 2010
Language eng
Abstract This paper empirically investigates the role of trade, remittances, and institutions in economic development in a large sample of developing countries using recently developed instruments for all these variables. Both cross-country (over 30 years) and dynamic panel data (over 5-year periods) regressions of growth rates on instrumented trade, remittances, and institutions provide evidence of a significant impact of trade, institutions, and remittances on growth. While institutions foster growth, remittances hamper it. The effect of trade on growth is positive in cross-sectional regressions but ambiguous in dynamic panel data regressions. These results are indicative of a more important role for trade in explaining growth in the very long run compared with over shorter horizons.
Keyword Economic growth
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: 2010 Higher Education Research Data Collection
ERA 2012 Admin Only
School of Economics Publications
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Created: Mon, 22 Mar 2010, 12:21:15 EST by Alys Hohnen on behalf of School of Economics