The effect of Remittances on Economic Growth; Evidence from Developing Countries

Abstract

The study examines at the connection between remittances, financial access, and economic growth. The study's specific objective is to find out whether or not remittances encourage economic growth and how much of an impact they have on it when taking financial services accessibility into account. The present study employs panel data estimate approaches to examine the correlation among financial access, remittances, and economic growth in twenty developing nations from 2000 to 2023. According to the findings, financial access and remittances have a major positive impact on economic growth.