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Nhan đề: Emigrant’s remittances, dutch disease and capital accumulation in Mekong countries
Tác giả: Taguchi, Hiroyuki
Lar, Ni
Từ khoá: Emigrant’s remittances
Dutch disease
Capital accumulation
Vector auto-regression estimation
Năm xuất bản: 4-Aug-2018
Tùng thư/Số báo cáo: Journal of Economics Bibliography;Volume 4, Issue 4, Page 295-306
Tóm tắt: This paper examines the sectoral and intertemporal impacts of international emigrant remittances by using a vector auto-regression (VAR) estimation focusing on Cambodia, Lao PDR, Myanmar and Vietnam (CLMV countries). The reason for targeting the CLMV countries is that they have still depended largely on remittance-earnings from their emigrant workers in their economies, and that the macroeconomic impacts of received remittances would be critical for their sustainable growth. The empirical study identified the decline in manufacturing-service ratio (the Dutch Disease effect) as a sectoral effect of remittances, and also the decline in investment-consumption ratio (the deteriorated capital accumulation effect) as their intertemporal effect, judging from the causalities and dynamic responses from remittances to both ratio in the VAR estimation outcomes. The strategic implication is that the CLMV countries should establish a framework to mobilize their remittance-earnings for more productive use.
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Appears in Collections:Economic development

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