Remittances can be employed to access preventive and ameliorative health care. For many developing nations, remittances from citizens working abroad provide an import source of much-needed funds.
Mimeo Yoko, N. Until the last decade, most empirical studies seemed to neglect other channels through which remittances can stimulate economic growth. This has a two-pronged effect. The inflow of money from remittances has been compared to the windfall that countries with high-demand resources, such as oil, receive.
El Universal. Durand, J Remittances can allow for the payment of school fees and can provide the wherewithal for children to attend school rather than working for family survival.
Using survey data from Mexico, Woodruff and Zenteno 5. Are International Remittances Altruism or Insurance? Giuliano, P.
In some cases, funds from remittances exceed aide sent from the developed world, and are only exceeded by foreign direct investment FDI. Demography, Elbadawi, I.
Fajnzylber et al.