In general, as in the Mexican case, the possibility that remittances can increase economic activity is related to the expanding income of households. However, at the macroeconomic level, the empirical research has generated mixed results. It also allows supplementary financial funds for migrant households in the receiving country that can also be used for consumption or investment. For developing economies, remittances have become one of the most important external resources, bringing foreign exchange that can be used as a complement of national savings, and it can support capital formation. From the economic theory perspective, the impact of remittances does not have to be uniform for each country, because it depends on the characteristics of each economy. The effect of remittances on the macroeconomic performance of receiving economies is considered relevant in the studies of the determinants of economic growth, because the large amount of financial resources that they represent. Palabras clave: Remesas regionales, crecimiento económico regional, econometría de panel espacial, México, Remesas regionales, crecimiento económico regional, econometría de panel espacial, México. Por su parte, el crédito privado tendría efectos positivos que reflejan la presencia de redes económicas interregionales. Los resultados sugieren que las remesas influyen positivamente en el progreso regional de los estados receptores, con efectos signficativos en los estados colindantes. Se implementa un modelo de panel dinámico espacio-temporal para estimar los efectos directos y la presencia de efectos de difusión interregional.
![jorge torres-mendoza national academies press jorge torres-mendoza national academies press](https://www.scielo.sa.cr/img/revistas/rbt/v69n2//0034-7744-rbt-69-02-573-gf3.jpg)
El objetivo de este artículo es investigar el impacto de corto y largo plazo de las remesas en el crecimiento económico regional. La evidencia empírica respecto a su impacto en el crecimiento económico aún es inconclusa. Resumen.Įn la literatura económica internacional se ha establecido que las remesas constituyen un factor de estabilidad macroeconómica y una fuente complementaria de financiamiento, particularmente importante en países en desarrollo. Keywords: Regional remittances, regional economic growth, space panel econometrics, Mexico. In addition, private credit had positive effects when interregional economic networks are present. The results suggest that remittances have had a positive effect on economic growth of the receiving states, with important effects on neighboring states.
![jorge torres-mendoza national academies press jorge torres-mendoza national academies press](https://i1.rgstatic.net/publication/349102692_Assessing_the_Potential_Distributions_of_the_Invasive_Mosquito_Vector_Aedes_albopictus_and_Its_Natural_Wolbachia_Infections_in_Mexico/links/6021313992851c4ed5580e07/largepreview.png)
A spatial dynamic space-time panel model was implemented to estimate the direct effects of remittances and the presence of interregional diffusion effects. The objective of this paper is to show the short and long term effects of remittances on economic growth. The empirical evidence regarding the impact of remittances on economic growth is inconclusive. The international economic literature indicates that remittances represent a determinant for macroeconomic stability as well as a source of financial resources, in particular for developing economics.