What Have Remittances Done to Development? Evidence from the Caribbean Community and Common Market

This paper analyzes the long-run impact of remittances on socio-economic development in the Caribbean Community and Common Market (CARICOM) between 1970 and 2013. We find that remittances have improved the health indicators, reducing infant and child mortality, and food deficit and improving life ex...

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Veröffentlicht in:	The Review of Black political economy 2016, Vol.43 (3-4), p.343-361
Hauptverfasser:	Lim, Sokchea, Simmons, Walter O.
Format:	Artikel
Sprache:	eng
Schlagworte:	Caribbean cultural groups Changes Child mortality Children Common markets Communication Consumption Demographics Drinking water Economic development Economic growth Economic Policy Economics Economics and Finance Education Effects Enrollments Food Health Human capital Indexes Infant mortality Infrastructure Longevity Maternal and infant welfare Mortality rates Payments Political Science Remittances Rural areas Rural schools Sanitation Social change Sociodemographics Socioeconomic factors Sociology Statistical analysis Transnationalism Trends Water supply
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Beschreibung
Zusammenfassung:	This paper analyzes the long-run impact of remittances on socio-economic development in the Caribbean Community and Common Market (CARICOM) between 1970 and 2013. We find that remittances have improved the health indicators, reducing infant and child mortality, and food deficit and improving life expectancy, and sanitation and water sources, especially in the rural areas. However, remittance inflows have no significant impact on education and communication infrastructure. Neither do they contribute to any demographic changes.
ISSN:	0034-6446 1936-4814
DOI:	10.1007/s12114-016-9240-y