Computer data analysis: an approach to identify the effect of remittances on household consumption in Latin America (2010-2021)

This study delves into the intricate relationship between remittances and public expenditure on household consumption in Latin America. Remittances have emerged as a vital source of foreign income for developing economies, and prior research has established their positive impact on regional economic growth. However, the reliance on this income source exposes certain vulnerabilities, necessitating a closer examination of institutional factors and recent economic contexts within the region. To conduct this analysis, data on household consumption, received remittances, and public expenditure as a percentage of GDP (Gross Domestic Product) were collected from the World Bank for 15 Latin American countries over a span of 12 years. The findings indicate significant and favorable effects of received remittances and public spending on household consumption. Notably, an increase in received remittances is expected to exert a greater influence on household consumption as a percentage of GDP in Latin American countries compared to public spending.

• Autores: Torres Ortega, José; Ortega De La Rosa, Jorge; Ortiz Tovar, Olson Wilfrido
• Tipo de recurso: Article of investigation
• Fecha de publicación: 2023
• Institución: Corporación Universidad de la Costa
• Repositorio: REDICUC - Repositorio CUC
• Idioma: eng
• OAI Identifier: oai:repositorio.cuc.edu.co:11323/13532
• Acceso en línea: https://hdl.handle.net/11323/13532; https://repositorio.cuc.edu.co/
• Palabra clave: Econometric; Household consumption; Public expenditure; Remittances
• Rights: openAccess
• License: Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)