Piteli, EEN, Buckley, P orcid.org/0000-0002-0450-5589 and Kafouros, M orcid.org/0000-0002-6438-3990 (2019) Do remittances to emerging countries improve their economic development? Understanding the contingent role of culture. Journal of International Management, 25 (4). 100675. ISSN 1075-4253
Abstract
We contribute to extant research that has largely focused on foreign direct investment by examining how an under-studied type of financial inflow (remittances) influences the economic development of recipient Emerging Market Countries (EMCs). We do so by explaining how variations in the cultural context of recipient EMCs influence the value-generating effects of remittances. Our study helps us understand why certain nations can use remittances to improve their economic development (whereas others fail to do so) and the role that cultural contingencies play in determining such outcomes. The empirical analysis of 28 EMCs reveals an interesting pattern, showing that masculinity and power distance increase the economic effects of remittances, whereas uncertainty avoidance and individualism decrease such effects.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2019, Elsevier Inc. This is an author produced version of an article published in the Journal of International Management. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Remittances; Culture; Economic development; performance |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 22 May 2019 11:56 |
Last Modified: | 27 May 2021 00:38 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.intman.2019.05.002 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:146403 |
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Filename: Migrant Remittances and Economic Performance Manuscript - JIM R&R3.pdf
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