Do Remittances Aid Growth? A Lebanon Story

Remittances are coin sent dorsum to a dwelling province yesteryear emigrants. On a global basis, remittances to developing countries topped $400 billion inwards 2017, far exceeding unusual assist to those countries, like inwards size to flows of loans too equity investment inwards those countries, too commencement to approach the marking of unusual straight investment  inwards those countries.

These inflows of funds are clearly helpful to the recipient families, helping to boost too to shine their consumption. But create they assist to boost overall economical increment for the recipient country? "The Rise of Remittances" (May 12, 2015)

"Update on Remittances" (June 6, 2016)

Dean Yang, "Migrant Remittances." Journal of Economic Perspectives, Summer 2011, 25 (3): 129-52.