Role of remittances in Tongan economy
Role of remittances in Tongan economy
Author(s): T.K. Jayaraman, Chee-Keong Choong, Ronald KumarSubject(s): National Economy, Migration Studies, Socio-Economic Research
Published by: Transnational Press London
Keywords: Remittances; economic growth; financial sector development; bounds test; Tonga;
Summary/Abstract: Inward remittances have been a great support to Pacific Island Countries, including Tonga. Aside from being a major source of foreign exchange earnings, they supplement domestic savings and real resources. This paper examines the role of remittances in the economic growth of Tonga’s during a 28 year period (1981-2007).
Journal: Migration Letters
- Issue Year: 7/2010
- Issue No: 2
- Page Range: 224-230
- Page Count: 7
- Language: English