The purpose of this research is to analyze the effects of Remittance flows on economic growth in Colombia for the period between 2000-2016, for which purpose a study of economic theory and academic literature, as well as a descriptive analysis of the series. Subsequently, a vector autoregressive (VAR) econometric model is estimated to explain the responses to changes in remittances over GDP. The results show that the changes of remittances do not affect the economic growth of the country in the long run.
|Translated title of the contribution||Remittances and economic growth in Colombia for the period (2000-2016)|
|State||Published - 2018|