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- Title
Remittances and Their Effect on the Level of Investment in Barbados.
- Authors
Griffith, Ronnie; Boucher, Trecia; McCaskie, Patrick; Craigwell, Roland
- Abstract
The primary motivation of this study is to determine the contribution remittances from the Diaspora have on investment in Barbados. Anecdotal evidence is provided to indicate that remittances helped to improve the Barbadian housing stock with several wooden houses converted to wood and wall houses, and new concrete blocks/wall houses constructed. In addition, it appears that remittances were used to subscribe to savings bonds given the increasing number of applicants to this type of investment over the years. Finally, using a formal econometric technique (Dynamic Ordinary Least Squares) remittances are shown to have a significant positive link with real investment.
- Subjects
BARBADOS; DIASPORA; REMITTANCES; SAVINGS; BARBADIANS; HOUSE construction; SAVINGS bonds; GRAPHIC methods; ECONOMETRIC models; JOB applications
- Publication
Journal of Public Sector Policy Analysis, 2008, Vol 2, p3
- ISSN
1997-1842
- Publication type
Article