International Remittances and Human Development in Developing Countries: A Panel Quantile Regression Via Moment Approach

Abstract

Most of the works in literature focused on the direct connection between remittances and human development. This work employs panel quantile via method of the moment to examine the effect of remittance across conditional distributions of human development in developing countries. The results obtained revealed that remittances inflow promote human development in developing countries human development in countries with low, medium and high human development, especially in countries with high human development. Policymakers in developing countries should designs policies that will entice their migrants’ workers to send in more remittances, promote financial development, reduces the cost of sending remittances, curbed financial and cybercrimes.