부패 수준과 해외 송금의 상관성 연구 = Study on the Correlation between Corruption Level and Remittances

다국어 초록 (Multilingual Abstract)

The paper analysed an effect of the corruption level on the remittances by using 154 countries` data from 1996 to 2010. By means of the corruptionindices drawn from the two sources (CPI, Control of Corruption Index), we found out that the higher corruption level is, the more remittances of the emigrants are increasing. This result supports that the corruption level should be included in the consideration of the factors influencing into the remittances of the emigrants. These consequences demonstrate also that the remittances by so many emigrants in the developing countries are characterized by the altruistic motivation. Meanwhile the income level and the financial market development level are in a positive correlation with the remittances of the emigrants. And we analyse that the amount of the remittances is increasing to the higher real economic growth rate and lower unemployment rate of the recipient countries. For the developing countries which have a great policy concerns for the remittances, even though the inflow has a positive effect on the economic development, the substantial effect should be limited for the countries of high corruption. Therefore we suggest that, in order to maximize the economic utility of the inflow of remittances, it needs institutional conditions precedent to control and to monitor the corruption.

참고문헌 (Reference)

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