CASE STUDY: Role of remittances in Tongan economy

Authors

  • T. K. Jayaraman School of Economics, Faculty of Business and Economics, The University of the South Pacific
  • Chee-Keong Choong Centre for Economic Studies, Faculty of Business and Finance, Universiti Tunku Abdul Rahman (Perak-Campus),
  • Ronald Kumar School of Economics, Faculty of Business and Economics, The University of the South Pacific

DOI:

https://doi.org/10.33182/ml.v7i2.195

Keywords:

Remittances, economic growth, financial sector development, bounds test, Tonga

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).

How to Cite

Jayaraman, T. K., Choong, C.-K., & Kumar, R. (1). CASE STUDY: Role of remittances in Tongan economy. Migration Letters, 7(2), 224-230. https://doi.org/10.33182/ml.v7i2.195