DO REMITTANCES MITIGATE POVERTY? AN EMPIRICAL EVIDENCE FROM 15 SELECTED ASIAN ECONOMIES

This paper examines the impact of remittances on poverty alleviation in 15 selected Asian economies. Remittances have been identified as a potential source of income for households in developing countries and a means of reducing poverty. Using panel data from 2000 to 2020, we estimate the effect of remittances on poverty levels in these economies, controlling for other relevant factors such as GDP per capita, inflation rate and population growth. Our results suggest that remittances have a significant and negative impact on poverty levels in these economies, indicating that remittances play a crucial role in poverty reduction. The findings also reveal that the effect of remittances on poverty reduction varies…